Vitalik: Wanxiang purchased 410,000 ETH at $1.20 per ETH in 2015 to support the Foundation

BlockBeats News, December 3rd, Ethereum co-founder Vitalik Buterin said in an interview with Wu Talk Blockchain that after the launch of the Ethereum mainnet in 2015, the foundation was almost out of funds. Wanxiang bought 410,000 Ether at a price of $1.2 each, investing a total of $500,000 to support the foundation's development, which may have "saved the foundation's life." Furthermore, Vitalik believes that the concept of big blocks is more correct, but insufficient scalability is the main reason for its failure. He pointed out that the current Bitcoin community is overly focused on price, and the outlook for technological development is not optimistic.

Regarding the Russia-Ukraine conflict, Vitalik said this conflict has completely changed him. After publicly supporting Ukraine, he realized that he may never be able to return to Russia and could even face a 10-15 year prison sentence.

As for Ethereum's positioning, Vitalik is more inclined to the concept of a "world computer," believing that it is not just a chain but an ecosystem that can support various applications.