Ethereum $3,218.5Vitalik Buterin, one of the co-founders of , responded to demands for a leadership change at the Ethereum Foundation. Buterin shared on the social media platform X and gave information about the work carried out by the foundation, its ongoing reforms and what the community can expect in the future.
Ethereum Foundation and Governance
According to Buterin, the management of the Swiss-based non-profit institution Ethereum Foundation is preparing for significant changes. He emphasized that the organization has five important goals regarding this leadership change.
He stated that they are in the process of major changes in the structure of the Ethereum Foundation, that this process has been going on for about a year and some steps have already been implemented. Buterin said it is necessary to increase the technical capabilities of the Ethereum Foundation leadership. The team will include people who drive the development of Ethereum and know its intricacies well.
Vitalik Buterin’s Pledge to Neutrality
The Ethereum founder also stated that relationships within the ecosystem should be strengthened. It aims to achieve this through better communication between developers, users and other stakeholders. He also stated that new talents will be gained so that the foundation can carry out its plans quickly and effectively.
“EF’s active support to application developers is also among our priorities.” – Vitalik Buterin
Buterin said the Ethereum Foundation should not engage in aggressive lobbying activities. He stated that EF would not lobby regulators or political figures in powerful countries. He stated that such a move could jeopardize Ethereum’s long-held principle of neutrality and avoiding political unrest.
Upcoming Pectra Update
Meanwhile, the developers plan to implement the Pectra update on the mainnet in March this year. This update is seen as one of the biggest updates since Ethereum’s transition to Proof of Stake and aims to make the blockchain more scalable and secure.
There is an expectation that these developments in Ethereum may lead to at least an increase in the asset price. Some stakeholders expect Ethereum to reach a new record high in price.
Changes in the Ethereum Foundation’s leadership structure and upcoming updates are considered important steps for the future of the ecosystem. It is eagerly awaited to see what effects these developments will have on the Ethereum community and investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
