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Vitalik: The Ethereum Foundation sells ETH to pay ecosystem developers

Vitalik: The Ethereum Foundation sells ETH to pay ecosystem developers

CointimeCointime2024/10/27 06:33
By:Cointime

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).

0

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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