BEARISH 📉 : Ethereum Foundation adopts austerity for long-term sustainability

The Ethereum Foundation is entering a period of reduced spending to ensure long-term sustainability while advancing its roadmap. The focus is on scaling, security, and user privacy, as emphasized by Vitalik Buterin.

Key Points of the Austerity Plan

The foundation aims to balance delivering an aggressive roadmap with maintaining longevity.
Priorities include enhancing scalability, robustness, decentralization, and preserving core values.
Buterin highlights self-sovereignty, security, and privacy as crucial for users.
He will personally take on projects related to open source, secure, and verifiable tools across various domains like finance and communication.

Investment in Open and Secure Projects

Buterin has withdrawn 16,384 ETH to fund these initiatives over the coming years.
Plans include secure decentralized staking to support future projects.
The Ethereum Foundation will continue developing with openness and verifiability as key principles.
Focus shifts to providing technology that ensures autonomy and safety for users.

Buterin's vision for Web3 is progressing, leveraging ZK-EVMs and decentralized storage to build lasting, open tools.