Vitalik Buterin to Contribute ¥6.9 Billion Worth of ETH for Ethereum's Development

Vitalik Buterin, co-founder of the cryptocurrency Ethereum (ETH), announced on the 30th that he has withdrawn 16,384 ETH (approximately ¥6.9 billion) to support the aggressive development plans and the Ethereum Foundation.

Buterin stated that in addition to providing the withdrawn Ethereum as support over the coming years, he is also considering secure decentralized staking to increase funds in the long term.

Buterin initially explained that the Ethereum Foundation will enter a state of mild fiscal austerity for five years to simultaneously achieve two objectives...