Vitalik Buterin Stands Firm: Why the Ethereum Foundation’s ETH Sale is Crucial for the Ecosystem’s Survival

Vitalik Buterin, founder of Ethereum, defended the Ethereum Foundation’s sale of ETH, emphasizing that it is an essential resource for the success of the platform ecosystem.

According to Daily Issues, a cryptocurrency media outlet, on the 29th (local time), Buterin recently responded to comments on social media He explained that it is contributing greatly.

“The Ethereum Foundation provides funding to researchers and developers to improve network security, improve transaction speeds, reduce fees, and develop zk technology and account abstraction technologies,” he said.

In particular, Buterin explained that the proceeds from the sale of ETH were used to defend against DoS attacks on the Ethereum network and strengthen various security, contributing to maintaining the stability of the network.

The price of Ethereum (ETH), the second largest coin in market capitalization, is trading above $2,600 as of the 29th.