Ethereum Founder Vitalik Buterin Co-Authors Plan for Interactive ICO Protocol
A new white paper has been published detailing a potentially transformative protocol for initial coin offerings (ICOs). The protocol, which would seek to produce an "equilibrium" between capped and uncapped token sales, represents a collaborative effort between ethereum founder Vitalik Buterin and developer Jason Teutsch, the creator of smart contract scalability project TrueBit. In the white paper, released today, the authors detail a system by which an ICO could respond to the actions of buyers. Specifically, buyers would submit a valuation table via a smart contract that would enable them to make purchases dynamically relative to a real-time valuation. More simply, the new ICO protocol would give buyers the option to withdraw investment…