Facing declining market share and internal controversy, the Ethereum Foundation is restructuring its leadership. Co-founder Vitalik Buterin aims to improve technical expertise and communication within the foundation, emphasizing decentralization and avoiding centralization or political influence. The changes come as Ethereum faces competition from faster and cheaper blockchains like Solana, and accusations of lacking direction.
It's been a rough year for the Ethereum Foundation, the grant-giving nonprofit that helps support Ethereum , the best-known blockchain behind Bitcoin. As Ethereum loses market cap and mindshare to competitors, the foundation has been beset by scandal. Vitalik Buterin, Ethereum 's co-founder and chief figurehead, has laid out a new plan to right the ship.
According to Buterin, the changes won't be designed to centralize, corporatize or politicize the foundation. The organization won't suddenly "tart aggressively lobbying regulators and powerful political figures," he said, nor would it "ecome an arena for vested interests or even more of a 'main character' within Ethereum."
Some say Ethereum has lagged because it lacks an organizing vision — something the foundation, while not "in charge" of Ethereum, might have helped remedy.
ETHEREUM BLOCKCHAIN CRYPTOCURRENCY LEADERSHIP CHANGES COMPETITION
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