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Ethereum Co-Founder Donates Rs. 4.5 Crores For COVID-19 Relief in India
Ehtereum cofounder Vitalik Buterin tweeted the proof of transaction
HIGHLIGHTS
- Buterin thanked Sandeep Nailwal for organising the relief fund
- Nailwal plans to use the funds to get oxygen, food, vaccine costs
- At the time of writing the 100 ETH donated was worth Rs. 1.64 crores
Ehtereum co-founder Vitalik Buterin posted a proof of transfer of 100 ETH and 100 MKR, worth approximately $606,110 (roughly Rs. 4.5 crores), for use in COVID-19 relief in India. Ethereum, the open-source blockchain software founded in 2014, is used to build contracts on the blockchain, and has recently been in the news a lot because of its use in the making and transferring of non-fungible tokens (NFTs) — digital collectibles that can be uniquely identified and held by individuals. Ethereum has a currency called Ether that is the second biggest cryptocurrency in the world after Bitcoin.
Given the scale and scope of the tragedy that coronavirus is causing in India, many relief efforts have sprung into action, ranging from individuals giving their time and helping people coordinate and find resources, to companies donating money for oxygen and other emergency supplies. People around the world are also coming to support India, and Buterin's donation should help encourage the global cryptocurrency community to make a difference here.
webgerm.com/ethereum-co-founder-donates-rs-4-5-crores-for...
Ethereum Co-Founder Donates Rs. 4.5 Crores For COVID-19 Relief in India
Ehtereum cofounder Vitalik Buterin tweeted the proof of transaction
HIGHLIGHTS
- Buterin thanked Sandeep Nailwal for organising the relief fund
- Nailwal plans to use the funds to get oxygen, food, vaccine costs
- At the time of writing the 100 ETH donated was worth Rs. 1.64 crores
Ehtereum co-founder Vitalik Buterin posted a proof of transfer of 100 ETH and 100 MKR, worth approximately $606,110 (roughly Rs. 4.5 crores), for use in COVID-19 relief in India. Ethereum, the open-source blockchain software founded in 2014, is used to build contracts on the blockchain, and has recently been in the news a lot because of its use in the making and transferring of non-fungible tokens (NFTs) — digital collectibles that can be uniquely identified and held by individuals. Ethereum has a currency called Ether that is the second biggest cryptocurrency in the world after Bitcoin.
Given the scale and scope of the tragedy that coronavirus is causing in India, many relief efforts have sprung into action, ranging from individuals giving their time and helping people coordinate and find resources, to companies donating money for oxygen and other emergency supplies. People around the world are also coming to support India, and Buterin's donation should help encourage the global cryptocurrency community to make a difference here.
webgerm.com/ethereum-co-founder-donates-rs-4-5-crores-for...