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Vitalik Buterin: Ethereum Foundation Reshaping Leadership
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The Ethereum Foundation (EF), led by Vitalik Buterin, is undergoing significant leadership changes. These changes aim to boost Ethereum and build stronger ties with its community.
Vitalik Buterin says this restructuring has been underway for almost a year. Some updates are already public information, and others are still in progress.
Goals for the New Leadership
The EF is laser-focused on becoming more technically skilled, better connected to its ecosystem, and more effective in supporting the people and projects that make Ethereum thrive.
Staked ETH holders should vote in Ethereum Foundation leadership every few years @VitalikButerin
Drives people to stake and gives the community its meant to support a voice. This directly aligns community and EF.
Bonus voting power for those who have staked for a long time
— Tommy (@Shaughnessy119) January 20, 2025
The EF’s leadership update focuses on five key goals:
- More Technical Expertise: The EF will hire leaders who know Ethereum’s technology inside out and can steer it in the right direction.
- Stronger Ecosystem Ties: The EF wants to improve its back-and-forth with users, developers, wallets, and Layer 2 (L2) projects. These groups are vital to Ethereum’s future, and keeping them involved is key.
- Fresh Talent and Faster Execution: It will bring individuals with fresh perspectives and a passion for Ethereum’s mission.
- Support for Builders: The EF is doubling its commitment to developers. It aims to provide robust resources and tools for those building on Ethereum. While doing this, it embeds privacy, censorship resistance, and open-source access into the app layer.
- Using Ethereum for Internal Operations: The Foundation plans to rely more on decentralized, privacy-preserving technology. This includes using Ethereum for payments and managing its Treasury.
Ethereum Foundation Treasury Update
The Ethereum Foundation (@ethereumfndn) has set up a new @safe 3-of-5 multisig wallet.
The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e
An op has been initiated to send 50,000 ETH there, but be patient; due to signing delays,… pic.twitter.com/sIkAlH8ROf
— hww.eth (@icebearhww) January 20, 2025
What’s Not on the EF’s Table?
Vitalik made it clear that some things won’t change. Here’s what the EF won’t do:
– Ideological Shifts
The EF isn’t rebranding itself or shifting toward any trendy ideologies. Instead, it’s staying true to its core principles of neutrality, collaboration, and open innovation. Ethereum’s inclusive and diverse community remains a top priority.
– Lobbying Governments
Unlike some organizations, the EF does not aggressively lobby regulators or political figures, especially in countries like the U.S. The Foundation sees Ethereum as a neutral, global platform and intends to preserve this status.
– Centralization
The EF does not intend to become a dominant or centralized entity within Ethereum. Instead, its role is to empower the broader ecosystem, providing support and resources while letting the decentralized community thrive.
Proposals for how to do more ambitious and faster DA bandwidth upgrades. https://t.co/0R7utCeyvo
— vitalik.eth (@VitalikButerin) January 20, 2025
Why It Matters?
These updates concern Ethereum as a whole, not just the Ethereum foundation. By strengthening leadership, bringing in fresh talent, and staying true to its decentralized roots, the EF ensures Ethereum remains a powerful and open platform for everyone.
We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year. Some of this has already been executed on and made public, and some is still in progress.
What we’re trying to achieve is primarily the following…
— vitalik.eth (@VitalikButerin) January 18, 2025
Conclusion
Under Vitalik Buterin’s guidance, the Ethereum Foundation sets the stage for a brighter future. While staying committed to its core values, the EF is building a structure ready to tackle the challenges of a growing ecosystem. These changes are about securing Ethereum’s place as the backbone of Web3 for years to come.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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January 21, 2025 at 08:29AM
January 21, 2025 at 08:30AM
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