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Vitalik: The Ethereum Foundation sells ETH to pay compensation to ecological developers

2024-10-27 14:23:54

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ChainCatcher message, Vitalik Buterin clarified on X regarding the Ethereum Foundation selling ETH: "The foundation is compensating researchers and developers responsible for the following:

Ethereum will not spend 5 million ETH annually on proof of work;
User fees are currently very low;
Transactions can be completed in 30 seconds, instead of 1-30 minutes (EIP 1559)."

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Ethereum Foundation ETH Vitalik Buterin

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