Vitalik Buterin has announced a strategic shift for the Ethereum Foundation, redefining its role from a 'central bank' to a 'constitutional court' of Ethereum values. In a detailed article, Buterin outlined the foundation's new focus on censorship resistance, privacy, and open infrastructure, moving away from ecosystem expansion and business partnerships. This change comes amid significant departures from the foundation, including co-executive director Tomasz Stanczak and protocol researcher Alex Stokes.
Buterin emphasized that the Ethereum Foundation will no longer be the central authority, holding only 0.16% of all ETH, compared to other blockchain foundations that hold 10% to 50% of their native tokens. He also rejected the pursuit of high transaction speeds at the cost of decentralization, setting an ambitious goal to make Ethereum 'provably bug-free' with AI assistance. Buterin plans to reduce his personal influence, with 90% of his net worth in ETH and the rest committed to open-source projects, as the foundation transitions to a more decentralized governance model.
Vitalik Buterin Repositions Ethereum Foundation as 'Constitutional Court'
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