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Vitalik Buterin sent $ 10,000 to staking Synthetix tokens


The founder of the second largest cryptocurrency by capitalization, Vitalik Buterin, transferred 562 Synthetix (SNX) native DeFi protocol tokens worth $ 9695 to staking. Previously, the project launched a second tier solution called Optimistic Ethereum (OΞ).

Buterin transferred 562 SNX to the address of the bridge connecting the largest decentralized derivatives platform to the OΞ sidechain.

Data: Etherscan.

According to the developers, OΞ is the first scaling solution with “the full possibility of cross-tier transfer of smart contracts without the need to rewrite the code.”

Smart contracts of the Synthetix decentralized platform were converted into the Optimistic Virtual Machine (OVM) format. This allowed holders of a small number of SNXs to bypass high gas cost restrictions.

We will remind, in October Buterin urged developers to focus on solutions of the second level and embed them in wallets, since there are “years” left before the scalability of Ethereum at the basic level.

In August 2020, the Synthetix project switched to a decentralized management model.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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