Vitalik Buterin, one of the co-founders of Ethereum
$3,359, addressed leadership change requests within the Ethereum Foundation. He shared insights on the foundation’s ongoing reforms and future expectations through a post on the social media platform X.
Governance Changes at the Ethereum Foundation
According to Buterin, the Switzerland-based non-profit Ethereum Foundation is preparing for significant management changes. He emphasized five key goals related to this leadership transition.
Buterin noted that the foundation is undergoing a substantial restructuring process, which has been in motion for about a year, with some steps already implemented. He stressed the necessity of enhancing the technical capabilities of the Ethereum Foundation leadership, ensuring that the team comprises individuals who can adeptly navigate Ethereum’s complexities and guide its development.
Buterin’s Commitment to Neutrality
The Ethereum founder also highlighted the need to strengthen relationships within the ecosystem. He aims to achieve this by improving communication among developers, users, and other stakeholders. Additionally, he expressed that new talents will be recruited to enable the foundation to execute its plans quickly and effectively.
“Providing active support to application developers is among our priorities.” – Vitalik Buterin
Buterin stated that the Ethereum Foundation will refrain from engaging in aggressive lobbying activities. He asserted that the foundation would not lobby with regulators or political figures in powerful countries, as such actions could jeopardize Ethereum’s long-standing principle of neutrality and avoidance of political entanglements.
Meanwhile, developers plan to implement the Pectra update on the mainnet in March of this year. This update is viewed as one of the largest since Ethereum’s transition to Proof of Stake, aiming to make the blockchain more scalable and secure.
There are expectations that these developments in Ethereum could lead to a rise in asset prices, with some stakeholders anticipating new record levels for Ethereum’s price.
Changes in the leadership structure of the Ethereum Foundation and upcoming updates are considered crucial steps for the ecosystem’s future. The impacts of these developments on the Ethereum community and stakeholders remain a point of intrigue.
