Buterin states that the influence of the Ethereum Foundation is waning, and in the future, it will operate with a smaller fleet, no longer aiming to be the core of the ecosystem. The Foundation's board of directors is expanding, and its power will gradually diminish. The Foundation currently holds about 0.16% of ETH, far below competing Layer 1 blockchain foundations. He criticizes the industry for pursuing maximum throughput at the expense of decentralization and security, emphasizing that Ethereum should focus on provably correct code and usable chain consensus, rather than just low latency and high throughput.

CoinNetwork

2026-05-24 19:01:05

Abstract generation in progress

CryptoWorld News: Ethereum founder Vitalik Buterin stated that his influence on the Ethereum Foundation is waning, and this change is intentional. He envisions the foundation operating as a "smaller ship" in the future and emphasized that the foundation does not aim to become the absolute core of the ecosystem. Buterin pointed out that the foundation's board of directors is expanding, and his power within the board will continue to decrease, which is exactly what he desires. He reiterated that the foundation has never intended to be an "eternal manager" or the decisive center of the network. Currently, the foundation holds only about 0.16% of the total ETH supply, far less than many competing Layer 1 blockchain foundations. Buterin also criticized the industry's obsession with pursuing maximum throughput, believing it may sacrifice decentralization and security. He warned that focusing solely on achieving 250-millisecond latency and one million transactions per second at the expense of core network properties is a mistake. Instead, he insists that Ethereum must impress in more fundamental aspects, with key goals including provably error-free code and usable chain consensus.

ETH-1.25%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
7
Repost
Share

Comment

Add a comment

SushiBackrunner

· 2h ago

Vitalik's move to self-decentralize is pretty cool; the foundation becoming a small fleet allows the ecosystem to truly decentralize.

View OriginalReply0

BridgeAnxiety

· 2h ago

From the core to the edge, is Vitalik planning to step back after achieving success?

View OriginalReply0

FragmentedSilverStarMap

· 2h ago

Error-free code + usable consensus, sounds good, but users only care if the gas can be lowered further

View OriginalReply0

RocksUnderTheAurora

· 2h ago

The goal of provably correct code probably needs another five or ten years of development.

View OriginalReply0

BlocktimeBarista

· 2h ago

Having a low position is actually an advantage; at least you won't be scolded for market manipulation or being a manipulative whale smashing the market.

View OriginalReply0

SoftRugDetective

· 2h ago

The operation of a small fleet sounds romantic, but in practice, it might just be a bunch of governance disasters waiting to happen.

View OriginalReply0

GateUser-e4351615

· 2h ago

The old way of sacrificing security for higher TPS definitely deserves criticism; Solana's outages have become a running joke.

View OriginalReply0

Trending Topics
View More
#
TradfiTradingChallenge
352.94K Popularity
#
PlatinumCardCreatorExclusive
130.17K Popularity
#
DailyPolymarketHotspot
1.06M Popularity
#
GateSquarePizzaDay
670.88K Popularity
#
SpaceXOfficiallyFilesforIPO
575.26K Popularity

Pinned

Sitemap

Vitalik Buterin: The influence of the Ethereum Foundation will continue to diminish

Trending Topics

TradfiTradingChallenge

PlatinumCardCreatorExclusive

DailyPolymarketHotspot

GateSquarePizzaDay

SpaceXOfficiallyFilesforIPO

Pinned