The update was made known by Vitalik Buterin in a Wednesday tweet and was greatly lauded by the crypto community.

Although Ethereum was created as a proof-of-work (PoS) blockchain, Buterin has always been an advocate of proof-of-stake (PoS), which justifies the approaching Merge upgrade and the soon-to-be-released book. 

According to Laura Shin, a podcast host and author, the book is “a crucial contribution to the development of a new technology that will impact all our lives.” 

“Proof of Stake, the (physical and digital) book compiling various writings I’ve made over the last ~10 years, will be out in a month! You can get a signed digital copy and NFT here: https://proofofstake.gitcoin.co. My share of the proceeds all goes to gitcoin grants public goods,” Vitalik Buterin wrote. 

"Proof of Stake", the (physical and digital) book compiling various writings I've made over the last ~10 years, will be out in a month!

You can get a signed digital copy and NFT here: https://t.co/RCZPHs9rpe

My share of the proceeds all goes to @gitcoin grants public goods!

— vitalik.eth (@VitalikButerin) August 31, 2022

Related: Vitalik Speaks On Benefits of PoS to Ethereum, Lido Finance, and Risk of Centralization Post-Merge

Proof of Stake (PoS) By Vitalik Buterin

The book, which centers on the making of Ethereum and the philosophy of blockchains, contains various writings the Ethereum creator has made over a decade. 

“These writings, collected from his essays before and during the rise of Ethereum, reveal Buterin to be a vivid and imaginative writer, with context from media studies scholar Nathan Schneider,” the about section of the Proof of Stake book said. “While many around him were focused on seeing the value of their tokens rise, he was working through the problems and possibilities of crafting an Internet-native world,” it added.

Also, this book will be made available in both digital and hard copy formats for users. Per the update, both versions of the “Proof of Stake” book will be available in Fall 2022. 

To support the Gitcoin Grants public goods, Buterin has donated all his proceeds to the initiative. Users can donate any amount of ETH to receive a digitally signed copy of the book from Vitalik, alongside an NFT.

Minting this non-transferrable NFT is what will give you access to your signed digital copy. It is worth noting that proceeds from signed digital copies go 100% to funding the Gitcoin Grants for public goods.

To get a physical copy of Vitalik Buterin‘s Proof of Stake book, you can pre-order from supported online bookstores and retailers including Amazon, Walmart, Books-A-Million, Seven Stories, Powells, Indie Bound, Target, Barnes & Noble, and Hudson.  

Read Also: Official Timetable of Ethereum The Merge Implementation Published

A Strategic Coincidence

Coincidentally, the book which is titled ‘Proof of Stake’ is scheduled to be released on September 27, a few days after the Ethereum blockchain transition to the proof-of-stake (PoS) consensus algorithm mechanism.  

The Merge upgrade which will trigger this consensus algorithm shift, marking the end of PoW on the Ethereum blockchain, is said to occur any day between September 10 and 20, 2022. 

However, the Bellatrix upgrade that is meant to set the stage for the Merge, will occur on September 6. Vitalik Buterin has urged node operators to upgrade their clients before the Bellatrix upgrade to avoid errors during the much-anticipated event.

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