Senior Ethereum Co-Founder Leaves Cryptocurrency Space For Security Reasons

Senior Ethereum Co-Founder Leaves Cryptocurrency Space For Security Reasons
Senior Ethereum Co-Founder Leaves Cryptocurrency Space For Security Reasons

The co-founder of Ethereum Anthony Di Iorio has announced his intention to leave the cryptocurrency industry, expressing concern for his personal safety..

According to a July 17 report from Bloomberg, Di Iorio is looking to sell his digital asset company Decentral and sever ties with all other cryptocurrency projects he is currently involved in., declaring that you no longer feel safe as a result of your high profile within the cryptocurrency sector:

“He has a risk profile that I’m not overly excited about. I don’t necessarily feel safe in this space. If I was focused on bigger problems, I think I’d be safer. “

Coming from a web development environment, Di Iorio was among the eight co-founders who started working on Ethereum in 2014. He was Chief Digital Officer of the Toronto Exchange in 2016, and in recent years he has focused on venture capital investment and advising startups.

In 2016, the 48-year-old Canadian businessman founded the blockchain company Decentral, which operates Jaxx Liberty, a cross-platform cryptocurrency wallet which has a user base of over a million.

Since 2017, Di Iorio has traveled with a security team. In 2018, Forbes estimated his net worth at up to $ 1 billion, featuring Di Iorio on its Crypto Rich of the Year list. During the same year, Di Iorio pushed further into the fray after buying Canada’s largest condo for $ 22 million and using crypto for part of the payment.

Di Iorio now hopes to sell Decentraland for “hundreds of millions”, and highlights that it will only accept cash or shares of another company for settlement, and that it will not consider offers made in cryptocurrencies.

The businessman also emphasized that you don’t want to invest in blockchain startups going forward.

In an attempt to find more philanthropic activities, Iorio has joined Project Arrow -which plans to build Canada’s first zero-emission vehicle-; the entrepreneur claims that cryptocurrencies can only help with a small number of the world’s problems:

“I want to diversify not to be a type of cryptocurrency, but a type that tackles complex problems. I will incorporate cryptocurrencies when necessary, but many times they are not … It really is a small percentage of what the world needs. “

Of the eight co-founders of Ethereum, only Vitalik Buterin continues to actively work on the blockchain platform.

Charles Hoskinson and Gavin Wood have launched rival blockchains, specifically Cardano and Polkadot. Mihai Alisie and Joeseph Lubin created companies to focus on Ethereum applications and development; AKASHA Project and ConsenSys launched respectively.

The rest of the founders, Amir Chetrit y Jeffrey Wilcke, have made similar moves to Di Iorio’s, ditching cryptocurrencies to focus on other industries.

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