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
Litecoin Hits 8-Month High as ETF Holdings Set Record — Can Bulls Clear $75?
BH Macro corrects disclosure on Aug. 7 buyback of 5,454 sterling shares at GBP 4.19
The Ultra-Rich Fear Inflation Now. What Are They Buying?
U.S. consumer confidence drops to a four-month low in September, short-term inflation expectations rise to 4.6%
As rising energy prices further exacerbate concerns about the cost of living for American households, U.S. consumer confidence continued to deteriorate in September, falling to its lowest level in four months.
Crypto prices
More
