It is no secret that the early Ethereum-ICO-buyer later to whales and potential multi-millionaires were. However, the project seemed to have been also the developers are extremely generous.
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Ethereum-Devs for short-term use handsomely rewarded
Ethereum, which has undergone several stages of Pre-Mining, the actual mining, and up to eight Hard Forks, it was always accompanied by Vitalik Buterin and a small fluctuating Team of developers.
Based on the forensic research of trust nodes the work of the developers seems to be already in the first days of Ethereum with 12 million ETH compensated been. A Smart Contract with the name of the EthDev paid huge initial amounts of Vitalik Buterin, and several other addresses.
Recently, one of these addresses was identified as the property of Jeffrey Wilcke, an early Geth developers. Wilcke has the Ethereum project abandoned – but only after he has transmitted to 90,000 ETH octopus, with the intention to liquidate everything.
Four other accounts were with around 100,000 ETH Zurich, approximately the same amount, even at today’s prices a significant sum. At the present time is uncertain, which developers have received these payments and for what tasks. The ETH developers are not a homogeneous group, developers come and go.
The series of Transfers, which delimit the ETH-developer assignments, is relatively small in comparison to the premise and the initial creation of tokens, which were distributed to early ICO buyers. Around 60 million ETH were created in the early days and distributed at greatly reduced prices to early buyers.
Now ETH Zurich has a total of more than 109 million tokens available. However, the network has to struggle with numerous “whale”problems – especially when it comes to Trying to enrich themselves.
Eth 2.0 a work in progress, is attracting developer talent
In addition, the developers are now working on ETH 2.0 Features, wherein the original network is busy, such as Péter Szilágyi commented that the self-proclaimed team leader at the Ethereum Foundation.
“I think the Problem arises from the fact that all jump on the Eth2-train. This is the last cry of the last 2 years that may distract the attention of the System that works today, actually. The people who stay back, are just too thin-spread to listen to everything.“
The conversion to ETH 2.0 has caused more skepticism than Hype shows. In addition, the decision of the early ETH-developers, the ship to abandon an impact, a negative impact on the project.
This has led to expectations that the ETH could plunge to new lows – away from the predictions of much higher prices to achieve and to compete with Bitcoin (BTC).
ETH has recovered from the recent lows at about $125 and is currently trading at $127.81. The Asset looks shaky, although the large-scale sale on Kraken has pushed the prices so strong as feared.