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Vitalik Buterin Wants a More Independent Ecosystem, Reduces Ethereum Foundation's Role

Vitalik Buterin shared his views on a major step to promote ecosystem independence by trimming the role of the Ethereum Foundation (EF). Through a post on his personal X account on Sunday (5/24) local time, Vitalik emphasized that EF is not the center of the ecosystem, but only a small part with a specific mission within the Ethereum network ecosystem. Moving forward, EF will shrink and focus on long-term strategies to restore the institution's functions to its original mandate, which is to maintain network system stability.
​This step is taken so that the community no longer depends on a single central organization for development direction. Considering EF's limited funds, which hold only about 0.16% of the total ETH supply, Vitalik believes it is time for the ecosystem to operate more freely and decentralize. As a consequence, EF will begin to divest projects outside their core functions and hand them over to external developer teams so they can seek funding independently.
​In the future, EF will only focus on high-level security development, user privacy protection, and network resilience against external censorship and third-party intermediaries. Meanwhile, regarding ETH as a financial asset, Vitalik states that this is outside EF's scope. He urges other major asset holders in the community to also take part in supporting Ethereum's economic value.