BTC $78,839.17 -0.61%
ETH $2,493.71 -0.25%
BNB $752.07 +1.38%
XRP $1.41 +0.76%
SOL $103.51 -0.66%
TRX $0.3390 +1.35%
DOGE $0.0900 -1.36%
ADA $0.2195 -1.23%
BCH $257.63 -1.62%
LINK $12.47 -2.27%
HYPE $85.30 -0.04%
AAVE $129.00 -2.64%
SUI $0.8129 -2.56%
XLM $0.1878 -3.17%
ZEC $1,184.81 +3.48%
BTC $78,839.17 -0.61%
ETH $2,493.71 -0.25%
BNB $752.07 +1.38%
XRP $1.41 +0.76%
SOL $103.51 -0.66%
TRX $0.3390 +1.35%
DOGE $0.0900 -1.36%
ADA $0.2195 -1.23%
BCH $257.63 -1.62%
LINK $12.47 -2.27%
HYPE $85.30 -0.04%
AAVE $129.00 -2.64%
SUI $0.8129 -2.56%
XLM $0.1878 -3.17%
ZEC $1,184.81 +3.48%

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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