BTC $79,157.23 +0.90%
ETH $2,499.86 +1.37%
BNB $754.14 +0.78%
XRP $1.43 +3.70%
SOL $104.55 +1.83%
TRX $0.3389 +0.50%
DOGE $0.0903 +1.40%
ADA $0.2207 +2.14%
BCH $259.23 +0.96%
LINK $12.57 -0.23%
HYPE $86.63 +3.49%
AAVE $129.72 -0.90%
SUI $0.8214 +1.33%
XLM $0.1897 +0.45%
ZEC $1,229.76 +9.05%
BTC $79,157.23 +0.90%
ETH $2,499.86 +1.37%
BNB $754.14 +0.78%
XRP $1.43 +3.70%
SOL $104.55 +1.83%
TRX $0.3389 +0.50%
DOGE $0.0903 +1.40%
ADA $0.2207 +2.14%
BCH $259.23 +0.96%
LINK $12.57 -0.23%
HYPE $86.63 +3.49%
AAVE $129.72 -0.90%
SUI $0.8214 +1.33%
XLM $0.1897 +0.45%
ZEC $1,229.76 +9.05%

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

2024-10-27 14:23:54

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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