Vitalik Buterin Says He’s "Very Confident" Ethereum (ETH) Fees Will Drop
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Vitalik Buterin, the co-founder of Ethereum (ETH) has donated relatively $600,000 worth of ETH and MKR towards the Covid-19 relief package of the second-most populous country in the world, India.

On 24th April, Buterin shared the proof of his 100 ETH donation worth around $228,600 at the time of transaction and 100 MKR worth $380,000 at the time of press.

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The donation came in response to an appeal for donation called by Balaji Srinivasan Nailwal, Polygon founder, and Ethereum scaling platform, towards helping India that is in the middle of a crisis following a devastating surge in Covid-19.

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In the tweet, Vitalik Buterin wrote, “Thanks for organizing this @sandeepnailwal and thanks a lot for pointing this out @balajis!”

Read Also: Vitalik Buterin Shows How 51% Attack of Miners Could Send Network to Ethereum 2.0 Faster Than Expected

Other personalities that responded to the appeal include former Coinbase CTO and board partner at VC firm Andreessen Horowitz, Balaji Srinivasan, who donated about 21.74 ETH valued at about $50,000.

Balaji tweeted, “If you’ve been fortunate enough to do well this year, consider joining me and Vitalik Buterin by donating at the addresses below. But if all you have is Twitter, help spread the word. For every RT, I’ll donate another $50 to fight COVID in India, up to $100k.”

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According to Nailwal, the funds will be channeled towards purchasing oxygen, food and possibly covering the vaccines’ cost. In upholding transparency, Nailwal affirmed he would publish the spending publicly.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.