Vitalik Buterin announces Ethereum Foundation restructuring
Ethereum co-founder Vitalik Buterin announced significant leadership changes at the Ethereum Foundation to improve communication and highlight technical expertise.
Buterin stated that the Foundation’s focus would be on supporting decentralised application developers and promoting decentralisation, censorship resistance, and privacy.
He clarified that the Foundation would avoid engaging in political lobbying, ideological shifts, or assuming a central role in Ethereum’s (CRYPTO:ETH) development.
In a January 18 social media post, Buterin wrote, "People seeking a different vision are welcome to start their own organizations."
These changes come after a challenging 2024, where the Foundation faced criticism over its spending, roadmap goals, and personnel decisions.
The Ethereum Foundation implemented a conflict-of-interest policy in May 2024 after researchers, including Justin Drake and Dankrad Feist, took paid advisory roles with the EigenLayer Foundation.
Drake later resigned from the role in November 2024, apologised to the community, and pledged to avoid future advisory positions or investments that could present conflicts.
The Dencun upgrade, launched in March 2024, reduced transaction fees on Ethereum layer-2 networks by up to 99%, leading to a surge in layer-2 adoption.
This fee reduction fueled the growth of layer-2 rollups, with L2Beat reporting 55 active rollups in the Ethereum ecosystem.
The rapid expansion of layer-2 networks raised concerns about cannibalising base-layer revenues, which dropped by 99% during the summer of 2024 but recovered by year-end, according to Token Terminal.
Buterin’s announcement signals a renewed focus on fostering technical excellence and decentralisation within Ethereum’s ecosystem.
The leadership shift aims to address community concerns and strengthen the Foundation’s role in supporting the Ethereum network’s long-term vision.
At the time of reporting, Ethereum (ETH) price was $3,302.79
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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