“Vitalik Buterin’s unwavering commitment to Ethereum’s success is evident in his decision to refrain from selling any of his own holdings for personal gain since 2018, showcasing his long-term vision and dedication to the project’s growth.”
Vitalik Buterin, the co-founder of Ethereum, has revealed that he has not sold any ether for personal gain since 2018. In a recent interview with Bloomberg, Buterin said that he has donated most of his ether holdings to various causes, such as pandemic relief, crypto research, and public goods. He also said that he does not intend to sell any more ether in the foreseeable future, as he believes in the long-term potential of the network.
Buterin’s decision comes at a time when the price of ether is surging, reaching a new all-time high earlier this month. Ethereum has outperformed bitcoin this year, gaining more than 400% compared to bitcoin’s 100%. This can be attributed to the growing popularity of decentralized applications (dApps) and decentralized finance (DeFi) platforms running on Ethereum, as well as upcoming network upgrades aimed at improving scalability and efficiency.
With approximately 333,000 ether worth around $1.3 billion, Buterin’s statement showcases his altruism and commitment to using his influence and resources to support projects that benefit humanity and the planet. He values his privacy and freedom over wealth and fame, making him a respected figure in the crypto community.
In contrast, some other crypto founders and influencers have faced criticism for selling their tokens or promoting dubious projects for personal gain. Buterin’s integrity and dedication to Ethereum set him apart and highlight his confidence in the future of the network.
In other news, Elixir Protocol, a decentralized exchange platform that prioritizes fast and private transactions, has raised $7.5 million in a Series A funding round led by Andreessen Horowitz. Other investors, including Coinbase Ventures, Polychain Capital, and Electric Capital, also participated in the round. This funding values Elixir Protocol at $100 million, making it one of the most valuable projects in the DeFi space.
Elixir Protocol aims to address challenges faced by current decentralized exchanges, such as high gas fees, low liquidity, and lack of privacy. By utilizing zk-SNARKs, a form of zero-knowledge proofs, Elixir Protocol can process thousands of transactions per second without compromising user information or trade details. This offers DeFi users a fast, secure, and scalable solution that respects their privacy and sovereignty.
Additionally, Elixir Protocol features a unique liquidity mechanism that rewards providers with ELIX tokens, the native token of the platform. These tokens can be used to govern the protocol, access premium features, and stake for additional rewards. The funding raised will be used to further develop the technology, expand the team, and grow the community.
The founder and CEO of Elixir Protocol expressed excitement about the support received from reputable investors who share the vision of building a more open and inclusive financial system. The company believes in making DeFi more accessible, efficient, and private for everyone while prioritizing privacy as a fundamental human right.
Chris Dixon, a partner at Andreessen Horowitz, praised Elixir Protocol as one of the most innovative and promising projects in the DeFi space. The partnership aims to combine speed, scalability, and privacy in creating a decentralized exchange platform.
Overall, the integrity and dedication displayed by Vitalik Buterin and the innovative solutions offered by Elixir Protocol demonstrate the continued growth and potential of the crypto and DeFi spaces. These developments inspire confidence and excitement among investors and users alike.