Ethereum Co-founder Vitalik Buterin defended the Ethereum Foundation’s constant ETH sales amid growing community concerns and called for some respect.
Also buterin answered Due to growing anger from the community over his and the Foundation's continued sales of Ethereum.
Remarkably, he clarified A few months ago, he assured users that he was not selling Ethereum for personal gain, but enthusiasts remained critical of sales from him and his foundation.
Buterin defends Ethereum Foundation
In response to Buterin's Ta.
Buterin responded that he had not sold any Ether in the past month. Moreover, as enthusiasts noted, the second-largest crypto stash is increasing rather than decreasing.
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Notably, on-chain analysis backs up Buterin's claims, with Arkam showing that his Ethereum stash has increased by almost 1,000 ETH to 240,094 ETH (valued at $602.5 million). It is worth mentioning that Ethereum accounts for 97% of Buterin’s entire on-chain portfolio.
Following this comment, another user asked Buterin about the Ethereum Foundation's constant sales. For context, the address associated with the foundation sold A few weeks ago there was 2,500 ETH ($6.06 million at the time), one of many recent transfers to external wallets and exchanges.
However, Buterin said the Ethereum Foundation sold assets to meet operating costs. He argued that the company needs to compensate developers who play an important role in maintaining the ecosystem, and called for some appreciation and respect for the Ethereum Foundation.
Buterin explains why Ethereum Foundation won't stake
The co-founder further explained why. Ethereum Foundation Not all ethers are at stake. He noted that the organization does not want to be in a position where it has to make choices in the event of a contentious hard fork.
Buterin further pointed out that the only way a foundation can stake Ethereum is by offering its stash to another organization on its behalf.
Buterin also said the foundation is considering expanding its delegation to multiple foundations to prevent the concentration of Ethereum in one organization, which could lead to centralization of staking.
Buterin, on the other hand, has been in founder mode lately, constantly emphasizing the future potential of the Ethereum network.
previously reportthe co-founders highlighted milestones in blockchain's decade-long existence while revealing the next features of its roadmap towards greater scalability and decentralization.
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