The Ethereum Foundation has recently invested millions into zkVM technology, sparking speculation on whether this move will lead to a boost in the price of Ethereum (ETH). The zkVM technology aims to improve the scalability and privacy of the Ethereum network, potentially attracting more users and developers to the platform. This investment demonstrates the Foundation’s commitment to enhancing the functionality of Ethereum and staying competitive in the rapidly evolving crypto space. While it is uncertain how this development will impact the price of ETH in the short term, it is a positive sign for the long-term growth and success of the Ethereum network.
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