Vitalik Buterin Unveils Ethereum Foundation Goals Amid Leadership Changes

Vitalik Buterin, ETH co-founder, has responded to calls for leadership change in the Ethereum Foundation (EF). In a post on X, Buterin gave insights into what the foundation has done, ongoing reforms, and what the community should expect moving forward.

Ethereum Foundation and Primary Leadership Focus

According to Buterin, the leadership of EF, a Switzerland-based nonprofit organization, is undergoing critical changes. He highlighted five notable goals the organization is focused on regarding this leadership change. 

Buterin primarily emphasized the need to enhance the technical capabilities of EF leadership. The team will comprise people who are guiding Ethereum’s development and have a strong knowledge of its complexities.

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The Ethereum co-founder also stressed the need to strengthen relationships within the ecosystem. He hopes to achieve this through improved communication between developers, users, and other stakeholders. In addition, fresh talents will be injected to boost the foundation’s ability to execute plans “swiftly and effectively.”

Other primary focus for the next EF leadership include active support for application developers. This change hopes to uphold key ecosystem values, including privacy, open-source development, and resistance to censorship.

Furthermore, the EF intends to increase the use of decentralized technologies and the Ethereum blockchain for payments. The change will also support its treasury management as it seeks to reinforce its commitment to decentralization.

Vitalik Buterin on Commitment to Neutrality

However, Buterin has rejected suggestions that the Ethereum Foundation engage in aggressive lobbying functions. He maintained that the EF would not lobby regulators or political figures in powerful countries like the U.S. 

Buterin said such a move could compromise Ethereum’s long-standing neutrality and policy of avoiding political entanglements.

In a bold statement emphasizing his stance, Buterin maintained that the Ethereum Foundation would not engage in such a thing. He called on people clamoring for such change to go ahead and establish their organization and chase such visions.

Buterin opposes centralization and deviation from Ethereum’s core principles. Through the post, he has reassured the broader Ethereum community of his commitment to staying true to these foundational values.

The Upcoming Pectra Upgrade

Meanwhile, developers plan to implement the Pectra upgrade on the mainnet by March this year. The upgrade is one of the largest since Ethereum migrated to Proof of Stake. The upgrade aims to make the Ethereum blockchain more scalable and secure for users.

Investors on Ethereum anticipate that these developments could at least result in a price surge for the asset. Some stakeholders look forward to Ethereum registering a new all-time high for its price.

At the time of writing, the coin was changing hands for $3,274.09, down 4.42% in 24 hours.