Vitalik Buterin, the creator of ethereum, used the technology he developed in an unusual way this weekend, turning to the blockchain network itself to disprove his own death.
It was a move that echoed one taken by Wikileaks founder Julian Assange who, amidst rumors of his own demise, turned to the bitcoin blockchain as a "proof of life" tool during a Reddit Ask-Me-Anything session in January.
Word that Buterin had died, however, had an impact on the market for ether, the cryptocurrency of the ethereum network, with the rumor sending the price below $300.
That market decline has continued, market data shows, with the price of ether dropping to about $231 at press time, a drop of more than 20% since the start of the day’s trading (though its unclear if the two events are connected).
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.