Odaily Planet Daily News Vitalik Buterin clarified the sale of ETH by the Ethereum Foundation on X, stating: "The Foundation is compensating researchers and developers responsible for the following matters:
ETH will not consume 5 million ETH for Proof of Work every year;
User fees are now very low;
Transactions can be completed within 30 seconds instead of 1-30 minutes (EIP 1559).
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Vitalik: The Ethereum Foundation's sale of ETH is to pay rewards to ecosystem developers.
Odaily Planet Daily News Vitalik Buterin clarified the sale of ETH by the Ethereum Foundation on X, stating: "The Foundation is compensating researchers and developers responsible for the following matters: