Vitalik Buterin transfers $8 million ETH to a multi-signature wallet.
Buterin supports ERC-7683 to improve cross-chain transactions.
The #MarketDownturn Layer-2 platform has reached a record speed of 318 transactions per second.
Vitalik Buterin, co-founder of Ethereum, transferred 3,000 #MarketDownturn (about $8 million) to a multi-signature wallet, a transaction discovered by Lookonchain on August 9, 2024, and people People People wondered whether it was a donation or an insider transfer.
the recent transaction is linked to another activity related to Buterin's wallet: on August 5, another Buterin-related wallet called
"Vb 3
" sent just 3,000 ETH back to Buterin's main wallet. According to historical analysis, this
"Vb 3
" wallet was previously active and involved in transfers related to Buterin's main wallet.
Buterin's interaction with this wallet is not limited to ETH, however. He recently conducted a significant token sale on the Uniswap V2 platform, exchanging 17.15 billion Neiro tokens for 44.53 ETH. This transaction affected the market value of Neiro for a while, but then stabilized.
This activity shows that Buterin remains an influential and active player in the cryptocurrency market.
In this regard, Vitalik Buterin is also actively involved in introducing new technologies into the Ethereum environment. He recently supported ERC-7683, a proposal to improve cross-chain transactions. The initiative aims to improve the flow of actions on decentralized networks by standardizing processes.
/buterin called ERC-7683 an
"open standard for marking interchain orders
" that enables the seamless movement of assets between different blockchains. It includes a secure transfer mechanism whereby assets are locked in a "cell" and can only be released to entities whose identity has been confirmed on the receiving blockchain.
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