Vitalik: The Ethereum Foundation sells ETH to pay ecosystem developers
Vitalik Buterin clarified in a post that the Ethereum Foundation is selling ETH to pay researchers and developers responsible for the following:
1. Ethereum will not consume 5 million ETH per year for proof of work;
2. User fees are currently low;
3. Transactions can be completed within 30 seconds instead of 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.
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