Vitalik: The Ethereum Foundation sells ETH to pay rewards to ecosystem developers
Vitalik Buterin clarified on X about the Ethereum Foundation selling ETH: "The foundation is paying remuneration to researchers and developers responsible for the following matters: 1. Ethereum will not consume 5 million ETH per year for proof of work; 2. User fees are now very low; 3. Transactions can be completed within 30 seconds, not 1-30 minutes (EIP 1559)."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Maji adds to Ethereum long positions again with 25x leverage, liquidation price at $2,818.3
Argentine congressional committee accuses President Milei of involvement in $LIBRA cryptocurrency scam
G20 financial regulators call for close monitoring of private credit and stablecoin developments
Japanese and South Korean stock markets follow overnight decline in US tech stocks