Reddit began experimenting with a crypto-based points system to much fanfare in April. But now, as the social network has realized that there’s a major stumbling block if it wants to roll the feature out to all 430 million of its monthly users: Ethereum has scalability issues.
The blockchain industry is a fragmented one—with countless projects forging their own way as they try to find compelling use cases for this technology. But now, the World Economic Forum’s Global Blockchain Council is attempting to ratify some universal standards in a so-called “Blockchain Bill of Rights.”
Virgil Griffith, the former head of special projects for the Ethereum Foundation, stood before a judge in the Southern District of New York courthouse Thursday and entered a plea of not guilty.
Virgil Griffith, the former head of special projects for the Ethereum Foundation, is free on $1 million bail. He was charged with violating sanctions following a trip to North Korea in April to deliver a lecture on cryptocurrency. Prosecutors say he assisted the rogue regime in using cryptocurrency to bypass sanctions.