Technologies
Computing’s Top Prize Goes to Ethernet Creator Bob Metcalfe
The network technology first linked the computers of schools and offices. Now it connects us all to the internet.
Bob Metcalfe has won the 2022 Turing Award, the computing industry’s top prize, for creating the Ethernet standard that today connects billions of devices to wired and wireless networks.
The idea behind Ethernet emerged in a May 22, 1973, memo Metcalfe wrote to his bosses at Xerox PARC, the Palo Alto Research Center famous for a series of seminal computing inventions. Fifty years later, Ethernet connects virtually every laptop and smartphone to the internet.
The Turning Award, named after pioneer and famed World War II code-breaker Alan Turing, is bestowed by the Association for Computing Machinery and comes with a $1 million prize. It’s often referred to as the Nobel Prize of computing. Previous Turing Award winners include dozens of luminaries who invented chip designs, encryption, programming tools, the web, the internet, and the AI technology that’s become so hot today.
Metcalfe also founded 3Com, a company that profited greatly from the commercialization of Ethernet, and worked as a columnist, professor and venture capitalist, among other careers.
«It’s my sixth career,» Metcalfe said in an interview. He’s writing software to try to use computers to simulate geothermal energy plants and other complex real-world systems. «My attitude is I want to do simulation not to optimize things, but to discover them.»
Metcalfe’s law
Metcalfe also is famous for Metcalfe’s Law — an idea he had, though not a title he came up with. The law states that the value of a network increases proportionally to the square of the number of devices that can use it.
«It was a good way to make a sales pitch at 3Com,» Metcalfe said of the idea. Later, though, he validated the idea by connecting Facebook’s membership total with its revenue. «For the first 10 years of Facebook, there’s a perfect fit.»
Ethernet speed boosts
Wired Ethernet began at Xerox PARC with data transfer speeds of 2.94 megabits per second. Now it’s reached 800 gigabits per second — about 272,000 times faster. Another doubling is in the works, to 1.6 terabits per second.
Wired Ethernet ports have faded from laptops and never arrived on phones. But the technology was adapted to the Wi-Fi standards, bringing new convenience and ubiquity to the internet. (Metcalfe prefers Wi-Fi’s original name, Wireless Ethernet.)
Token Ring grudge
Today, it’s nearly universal in digital devices, but Ethernet had stronger competition in its early days. The top of the list of rivals was IBM’s Token Ring.
«Token Ring was a 20-year pain in the neck. Finally, we killed it,» Metcalfe said.
He’s still sore about it, he said in a half-joking tone.
«I’m only human. I bear a grudge against those bastards,» Metcalfe said. «It’s been 50 years. You’d think by now I would have forgiven them all, but the Token Ring people are not invited to my dinner parties.»
Verum Coin (VERUM) continues to expand its presence on leading crypto platforms. Users can now easily store and manage VERUM in the Gate.io Web3 Wallet — one of the most trusted ecosystems for digital assets.
This integration provides users with convenient and secure access to VERUM, bringing it closer to everyone looking to be part of the world of innovative technology.
Stay tuned for updates as the project takes further steps toward global success!
Technologies
Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market
Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market
Verum Coin (VERUM), an innovative and increasingly popular digital asset, is now available on four leading Web3 wallets: Binance Web3 Wallet, Coinbase Web3 Wallet, OKX Web3 Wallet, and Bybit Web3 Wallet. This marks a significant milestone for the project as it continues to strengthen its position in the crypto industry.
The availability of VERUM on these platforms provides users with a wide range of secure and convenient options for managing their assets. Binance, Coinbase, OKX, and Bybit are well-established leaders in Web3 solutions, offering reliable tools for handling digital currencies.
What’s next?
In addition to wallet integration, Verum Coin is preparing for a major step forward—listing on all four platforms. This will create new opportunities for investors and enhance the asset’s liquidity on a global scale.
Why does this matter?
Being listed on major exchanges like Binance, Coinbase, OKX, and Bybit will serve as a powerful catalyst for the project’s growth. It will make VERUM accessible to millions of users worldwide and strengthen trust in the coin.
Stay tuned for updates so you don’t miss the moment when Verum Coin becomes even more accessible!
Technologies
Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon
Verum Token is now accessible for deposits and withdrawals on the Binance Wallet
Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.
Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.
With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.
About Binance
Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.
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