The founder of Ethereum, Vitalik Buterin, has announced significant leadership changes at the Ethereum Foundation. Buterin, who has been a leading figure in the foundation since its creation, has decided to step back from his role. The changes are part of a broader restructuring plan aimed at further decentralizing the Ethereum network and encouraging more community involvement.
Buterin revealed that the foundation would transition from its current structure into a more decentralized and community-centric model. The new organizational setup will consist of multiple teams, each focusing on different aspects of Ethereum development.
The Ethereum Foundation, which has been responsible for the overall maintenance and development of the Ethereum blockchain, will now be divided into three distinct entities. The first of these is Ethereum Core, which will be responsible for protocol-related work. The second entity, Ethereum Public Goods, will handle public goods provision, while the third, Ethereum Ecosystem Support, will cater to community support and grants.
Buterin emphasized that the change is not so much about him stepping down but rather about Ethereum becoming more decentralized. This new operational structure is expected to help the Ethereum community become more independent and robust. By dividing the foundation into separate entities, Ethereum aims to foster a more participatory ecosystem where the community can take an active role in its development and governance.
The announcement comes at a time when Ethereum is preparing to make a significant upgrade known as Ethereum 2.0. The upgrade aims to improve the scalability, security, and sustainability of the network. The shift to a more decentralized operational structure is seen as a progressive step that aligns with the philosophies of the upcoming Ethereum 2.0 upgrade.
Buterin's decision to decentralize the Ethereum Foundation is a significant development in the crypto community. It indicates a growing trend in the sector towards decentralization, where power and control are distributed among many parties, rather than being concentrated in the hands of a few. This not only enables greater community participation but also enhances the security and resilience of the network.