Ethereum Foundation to Become More Streamlined
Vitalik Buterin, co-founder of Ethereum, has announced plans for the Ethereum Foundation to shift towards a more focused and compact organization. This change comes amid notable staff departures and aims to streamline its operations through a new framework called CROPS, which emphasizes censorship resistance, transparency, privacy, and security.
In a post on X, Buterin stated that the foundation will operate as a smaller entity, prioritizing sustainability over expansion. He expressed that the foundation should be seen as a specific node within the broader Ethereum ecosystem rather than a central authority. This decision follows a wave of resignations, including two long-time members who sought to pass on their responsibilities, and proposals from former researchers to create a financially aligned organization to enhance Ethereum's value.
Under interim leadership, the foundation plans to reduce its ETH sales while managing assets currently valued at approximately $408 million, which represents about 0.16% of Ethereum’s total supply. Buterin noted that his personal investment in Ethereum accounts for around 90% of his net worth, and he wishes to gradually reduce his influence within the foundation.
