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Ethereum co-founder Vitalik Buterin said he donated 16,384 ether (about $43 million) to develop the community of the network of the second largest cryptocurrency by capitalization.
According to Buterin, at the current stage of development of the ecosystem, it is important to focus on the sustainability of the non-profit organization Ethereum Foundation, which is responsible for the development of the network. He promised to personally develop open source software and hardware solutions to protect the privacy and public environment of his brainchild.
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“This includes applications for finance, communications, management, blockchain, operating systems, biotechnology – to protect both human health and public health – and much more,” Buterin promised.
The businessman said that the further development of Ethereum should be built on a reliable technological infrastructure that ensures the autonomy, security and independence of all network participants. Mass distribution of blockchain is not a goal without a stable technological foundation, the entrepreneur added.
Earlier, Vitalik Buterin said that many social and gaming blockchain projects fail for one reason – developers pay too much attention exclusively to tokens, and not to the applications themselves.
