There were significant activities in the Ether Leeum market, which suggests that large -scale investors, known as whales, are buying a huge amount of this cryptocurrency. Onchain data shows a large ETH withdrawal (about $ 52.4 million) on the highest encryption exchange for three hours.
According to the on -chain data, the wallet related to Cumberland, a popular encryption trading company with institutional investors, has withdrawn ETH from three public encryption exchanges: Copper, Coinbase and Binance.
For this three hours, the trading company withdrew a total of 27,632 ETHs.
Fault
Blockchain Explorer Data shows multiple instances of Cryptocurrency sent to a specific ETH address tag cumberland DRW in three encryption exchange mentioned above.
In a short period of time, continuous withdrawal and a huge amount of ETH withdrawal indicate a deliberate accumulation strategy, not isolated.
The Ether Leeum Foundation doubles the core value.
Meanwhile, the Etherum Foundation (EF) shared an updated vision for the future direction of the network. One aspect of this vision can improve the blockchain platform and focus on human elements that are no longer focused on the technical functions of the network.
In this latest update, the Foundation rewrites that the largest asset of the network is a vibrant community for supportors, users and developers, and that this ecosystem can be exempted without central authority.
The first strategy of these people greatly changes how EF reconstructs the purpose and goal. The main aspect of this announcement is the concept of Etherrium of the Foundation called “Infinite Garden”.
According to them, this garden is a living evolutionary ecosystem that anyone can create, build and cooperate. This concept reflects EF’s belief that ecosystems should continue to grow through community efforts.
Foundation’s updated vision
The Foundation has published some areas of emphasis on this new vision. One of them is to bring Etherrium technology to more people. The other focuses on the three core values of Ethereum, that is, diversification, openness and personal information.
The Foundation also tries to focus on certain initiatives. One of these initiatives is to independently implement Etherrium software in several places to prevent a single failure point.
The Foundation will also focus on Zero-Knowedge Research, a modern encryption technology to improve the expansion and personal information of the blockchain. Another aspect of the focus is the growth of the community.
The Foundation believes that a lively and active community is needed for the long -term success of the network. The EF also allows the network to withstand shock and keeps working efficiently when facing the current and future challenges.
Meanwhile, this recent update reaches the change of the Foundation’s leadership team. The new leadership will be faithful to the strong basis and will guide the network through the future growth stage.
Buterin responds to the presentation of Ethereum Foundation.
Meanwhile, Vitalik Buterin, a co -founder of the blockchain, responded to the latest announcement of the foundation. According to him, the focus of the foundation should focus on two main goals.
The first is to promote the actual use of the default infrastructure of Ether Leeum. This includes applications and cases of applications that can benefit from the Etherrium block chain. These features include many decentralized applications and functions that support smart contract functions.
This promotion also includes expanding the use of blockchains in industrial sectors, such as NON-FUNGABLE TOKENS (NFT) and Decentralized Finance. The second goal summarized by Buterin is to strengthen the network for attack or failure and solve the weaknesses throughout the technical layer.
According to the current chain data, the main Altcoin is traded at $ 1,825 at the time of writing and has gained 0.81%value over the last 24 hours. Trading volume also increases by 27.05%, reaching $ 117 billion.