Ethereum Listens to Community, Releasing Testnet Prior to Raising Funds

Ethereum Listens to Community, Releasing Testnet Prior to Raising Funds

Ethereum received an incredible response at the Miami Bitcoin Conference. We travelled there anticipating many technical questions as well as a philosophical discussion about the purpose of Ethereum; however, the overwhelming amount of interest and enthusiasm for the project was much larger than we had anticipated. Vitalik's presentation was met with both a standing ovation and a question queue that took hours to address.

Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org.

The Ethereum project is also excited to announce the alpha release of the open source testnet client to the community on Feb 1st. This will give people an opportunity to get involved with the project and experiment with Ethereum scripts and contracts, and gain a better understanding of the technical properties of the Ethereum platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the Ethereum project is about before participating.

The testnet will include full support for sending and receiving transactions, the initial version of the scripting language as described in our whitepaper, and may or may not include mining. This will also be the first major cryptocurrency project to have two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon.

For more information please visit our official website: http://www.ethereum.org/
Blog: http://blog.ethereum.org/
Forum: http://forum.ethereum.org/index.php?p=/

A Note on Security
The fundraiser will NOT be launching on February 1st and any attempt to collect funds at this time should be considered a scam. There have been some scams in the forums thus please use caution and only consider information posted on Ethereum.org to be legitimate. It is important to reinforce to all that only information released and posted at Ethereum.org should be trusted as many are likely to impersonate us.

About Ethereum

The Ethereum Project is a decentralized collaboration of the Bitcoin community assembled to develop a unified distributive application platform for the next generation of the cryptocurrency space.


Related News

Ethereum Enters Last Phase of Development Process

Ethereum has released the ninth and final phase in the Ethereum Proof-of-Concept series, and the project has asked the Bitcoin community to take part in the "ongoing" Proof-of-Concept IX testnet in their most recent release, Olympic, which is now available here. As Vitalik Buterin details on the Ethereum blog: The purpose of Olympic is to reward people who try to test the limits of the Ethereum blockchain during the pre-release period, spamming the network with transactions and doing crazy things with the state, so that we can see how the network holds up under high levels of load. At the....

DAO Manager Aragon Gets Alpha Release

Aragon, a administrative platform for decentralized organizations built on ethereum, has released a new alpha client for testing. Unveiled in February, Aragon aims to provide a means for establishing governance mechanisms for decentralized autonomous corporations, or DACs, with support for voting, budgeting and the creation of bylaws, among other features. In recent weeks, the team behind the project has been quietly bug-testing an early version of the platform with members of the ethereum community, setting the stage for today's publication. Project lead Luis Cuende, who....

The Stolen DAO Funds Are On the Move

More than $5m worth of digital currency associated with the attack on The DAO is on the move. Identified via an analysis of the ethereum classic blockchain, the finding comes courtesy of data analyst Bok Khoo. Founder of New Zealand-based Bok Consulting, Khoo's work shows that 3.6m classic ethers were likely moved to a new account earlier this week. While a seemingly small development, the fund transfer is likely to have a deep relevance for those who have been following the debates in ethereum stemming from The DAO's failure. After an attack on The DAO....

Anoncoin to Release Zerocoin Implementation on Testnet This Week

Anoncoin is almost ready to release a Zerocoin implementation on a testnet. Many people in the Bitcoin community have been fascinated by the idea of a relatively new project called Zerocoin. Although the Bitcoin core developers don't seem like they're going to implement this feature for improve anonymity on the Bitcoin blockchain, that won't stop other altcoins from doing just that. The original team behind the Zerocoin Project is actually working on a new cryptocurrency based on a deviation from Zerocoin, known as Zerocash, but that hasn't stopped another altcoin community from....

Vitalik Buterin Weighs in on the Ethereum Classic Blockchain

Ethereum creator Vitalik Buterin has addressed the no-fork blockchain Ethereum Classic which follows the protocols and consensus based on the Ethereum platform prior to the recent hard fork. In a telling statement via a blog post today, Ethereum creator Vitalik Buterin revealed that the foundation that continues to develop and support the Ethereum blockchain will commit to the hard fork decision taken by miners. Buterin called the hard fork community consensus as an “admittedly difficult” decision. Buterin also added that the foundation will not oppose or hinder any efforts....