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Switzerlandâs oldest university, the University of Basel, has awarded an honorary doctorate to Ethereum co-founder Vitalik Buterin
The University of Basel has granted an honorary doctorate to Ethereum (ETH) co-founder Vitalik Buterin, according to an official statement on the universityâs website today, Nov. 30.
The Faculty of Business and Economics of Switzerlandâs oldest university has awarded Buterin for âoutstanding achievements in fields of cryptocurrencies, smart contracts, and the design of institutions,â as the university noted in a recent tweet on the official Twitter account.
The honorary doctorate of the faculty of economics is awarded to Vitalik Buterin by dean Prof. Dr. med. Aleksander Berentsen. Source: UniversitÀt Basel
The honorary degree was granted by dean Aleksander Berentsen, Professor of Economic Theory and Dean of the Faculty of Business and Economics during the universityâs annual celebration âDies academicusâ that took place on Friday, Nov. 30.
The University of Basel specifically noted Buterinâs âgroundbreakingâ contribution to promoting the idea of decentralization, as well as âequal participation in the digital revolution.â The faculty emphasized that Buterin âwrote his scientific papers without a degree and commitment to a university.â
In July 2018, Buterin criticized centralized exchanges, stating that such institutions should âburn in hell.â The software developer argued that the crypto community should confront the idea of the âstupid King making power,â and confirmed his strong positive stance toward decentralization.
In early November, Buterin revealed some details of the upcoming upgrade to the Ethereum network. Dubbed âSerenity,â the upcoming Ethereum 2.0 will reportedly embrace multiple Ethereum projects that have been collected since 2014. Without specifying the expected date of the upgrade, Buterin only claimed that it was âreally not so far away.â
Launched in summer 2015, Ethereum is a major cryptocurrency, as well as a public blockchain platform featuring smart contracts and providing Đ° basis for decentralized applications (DApps).
The major altcoin is the third top cryptocurrency in terms of market capitalization, having recently lost its position as second to Ripple (XRP). ETH saw its all-time high of $1,400 in mid-January, which was followed by a massive sell-off this year. Ethereum is trading at $112.72 as of press time, according to CoinMarketCap.
Ethereum price chart. Source: CoinMarketCap Ethereum Price Index
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