Ethereum Foundation confirms that the wallet selling 1,210 ETH does not belong to this organization but to Argot Collective – a non-profit organization that split from EF.
Argot Collective receives three years of financial support from the Ethereum Foundation to develop the Solidity language and other important open-source infrastructures of Ethereum.
MAIN CONTENT
The wallet selling 1,210 ETH does not belong to the Ethereum Foundation but to Argot Collective.
Argot Collective is a non-profit organization developing the infrastructure of Ethereum.
Ethereum Foundation commits to three years of funding to support Argot Collective in developing the Solidity language and open-source code.
Does the wallet selling 1,210 ETH belong to the Ethereum Foundation?
Hsiao-Wei Wang, co-executive director of the Ethereum Foundation (EF), confirmed that the wallet selling 1,210 ETH does not belong to EF but to Argot Collective, a non-profit development organization that split from EF.
This information was posted by Wang on July 11 on social network X, helping to clarify and avoid misunderstandings about the movement of cryptocurrency from the Ethereum Foundation.
What is the Argot Collective organization and what is its role in the Ethereum ecosystem?
Argot Collective is a non-profit organization that split from the Ethereum Foundation, specializing in the development of important tools and infrastructure for Ethereum, especially the Solidity programming language.
This organization makes a significant contribution to improving the quality and operational capability of decentralized applications on the Ethereum platform.
"Supporting Argot Collective is an investment in the sustainable future development of the Solidity language and the Ethereum ecosystem."
Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, July 11, 2024
Why did the Ethereum Foundation decide to fund Argot Collective for 3 years?
Ethereum Foundation commits to provide operational funding for three years for Argot Collective to continue developing core open-source infrastructures like the Solidity programming language. This long-term investment reflects a strategic vision to strengthen the Ethereum foundation.
According to the Ethereum Foundation's Q1 2024 ecosystem development report, maintaining and upgrading programming tools is essential to keeping Ethereum's leading position in the cryptocurrency field.
Maintaining financial resources for open infrastructure projects is a key strategy to help Ethereum maintain its leading position for DeFi and DApp development.
An internal report from the Ethereum Foundation, 2024
What is the role of the Solidity language in the Ethereum ecosystem?
Solidity is the most popular programming language for writing Smart Contracts on Ethereum, playing a central role in the development of DApps and DeFi applications.
Investing in Solidity development helps ensure continuous improvements in performance, security, and user experience, thereby supporting the development of a robust and sustainable Ethereum network.
Comparison table between Argot Collective and Ethereum Foundation regarding roles and functions
Criteria Ethereum Foundation Argot Collective Type of organization Non-profit organization developing Ethereum blockchain Non-profit organization focused on developing open-source infrastructure Main roles Overall management, supporting platform development Developing the Solidity programming language and supporting tools Financial support Providing operating funds, project development Receiving grants from EF to implement long-term projects Community impact Coordinating the comprehensive development of the Ethereum blockchain Optimizing development tools to help programmers enhance performance
Frequently asked questions
How is Argot Collective's wallet different from the Ethereum Foundation's wallet? Argot Collective's wallet is a private wallet used for the infrastructure development organization, not directly belonging to EF.
How long does Ethereum Foundation fund Argot Collective? EF commits to financial support for three years to develop infrastructure.
How important is the Solidity language to Ethereum? Solidity is the backbone of Smart Contract development on Ethereum, helping to create a rich DApp ecosystem.
What impact does the sale of 1,210 ETH have on EF? This transaction does not affect EF as the selling wallet belongs to Argot Collective.
Who confirmed the information about this ETH transaction? Hsiao-Wei Wang, co-executive director of EF, directly confirmed on social network X.
Source: https://tintucbitcoin.com/ethereum-ban-1-210-eth-argot-collective/
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