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

2024-10-27 14:23:54

Collection

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)."

source

warnning

Risk warning

Related tags

Ethereum Foundation ETH Vitalik Buterin

Related reading

Data: If ETH falls below 1,551 USD, the cumulative long liquidation intensity on major CEX will reach 901 million USD

2026-06-08 02:30

Data: ETH total network contract positions increased by 5.44% in 24 hours

2026-06-08 00:42

Data: In the past 24 hours, the total liquidation across the network was 296 million USD, with long positions liquidated at 80.258 million USD and short positions liquidated at 216 million USD

2026-06-08 00:30

Data: ETH current network 8-hour average funding rate is -0.0021%

2026-06-08 00:00

Related tags

Ethereum Foundation ETH Vitalik Buterin

app_icon

ChainCatcher Building the Web3 world with innovations.