There has been an important activity on the Ethereum market (ETH), which suggests that large investors, otherwise known as whales, buy huge quantities of this cryptocurrency. The data on the chain show massive ETH withdrawals (worth around 50.24 million dollars) of the best trade in three hours.
Channel data revealed that a portfolio associated with Cumberland, a popular crypto trading company from institutional investors, has withdrawn ETH from three exchanges of popular cryptography: Copper, Coinbase and Binance.
During these three hours, the negotiation company withdrew a total of 27,632 ETH.
A ventilation of whale activity
Blockchain explorer data shows several instances of the cryptocurrency transferred from the three crypto exchanges mentioned above to a specific ETH address marked Cumberland DR.
Continuous withdrawals in a short period of time and the enormous amounts of withdrawn ETH indicate a strategy of deliberate accumulation, and not isolated transactions.
The Ethereum Double Foundation on fundamental values
Meanwhile, the Ethereum (EF) foundation shared a updated vision for the future orientation of the network. One aspect of this vision is the emphasis on human elements that can stimulate the blockchain platform and no longer focus only on the technical capabilities of the network.
In this last update, the Foundation has again indicated that the largest assets in the network are its dynamic community of supporters, users and developers and the decentralized structure which allows this ecosystem to operate exceptionally well without any central authority.
This strategy focused on people changes considerably the way EF reshapes its objective and its objectives. One key aspect of the announcement is the concept of Ethereum of the Foundation as “infinite garden”.
According to them, this garden is a living and scalable ecosystem where anyone can create, build and collaborate. This concept reflects the conviction of the FE that the ecosystem should continue to grow thanks to the efforts of the community.
The Update Vision of the Foundation
The Foundation has announced some areas of accent under this new vision. One of them is to bring Ethereum technology to more people. Another focuses on the three fundamental values that Ethereum represents: decentralization, openness and privacy.
The Foundation also intends to focus on specific initiatives. One of these initiatives is to ensure the independent implementation of Ethereum software in several places, in order to prevent unique failure points.
The Foundation will also focus on research on zero knowledge, a modern cryptographic technique for better scalability and intimacy of blockchain. Another aspect of attention is community growth.
The foundation believes that a dynamic and active community is necessary for the long -term success of the network. In addition, the EF intends to ensure that the network can resist shocks and continue to operate effectively in the face of challenges now and the future.
Meanwhile, this recent update arrives at a period of change in the foundation management team. A new leadership will guide the network through its future growth phase while remaining faithful to its solid foundations.
Buterin reacts to the announcement of the Ethereum Foundation
Meanwhile, the co -founder of the blockchain, Vitalik Buterin, reacted to the last announcement of the Foundation. According to him, the accent of the foundation should be on two main objectives.
The first is to promote the real use of the basic infrastructure of Ethereum. This includes the promotion of applications and use cases that can benefit from the features that make the blockchain Ethereum unique. These features include its ability to support many decentralization applications and intelligent contract features.
Promotion also includes the expansion of blockchain use cases in industrial sectors such as non -buttons (NFT) and decentralized finances (DEFI). The second objective, as described by Buterin, is to strengthen the network against attacks or failures and treat weaknesses through its layers of technology.
According to current data on the chain, the Altcoin Leader is negotiated at $ 1,825 when writing the editorial’s time, having gained 0.81% in value in the last 24 hours. Its commercial volume also increased by 27.05%, reaching 16.17 billion dollars.
