The Ethereum Foundation (EF) would have engaged in the comments of the community and would have changes to its operations, according to the general partner of Dragonfly, Haseeb Qureshi.
After meeting EF members in Eth San Francisco, Qureshi noted a feeling of urgency within the organization and an awareness that the landscape has changed since 2020.
He suggested that FE leaders actively consider how to reproduce successful initiatives such as Solana’s super-metame, paying for research focused on research to promote the development and investment of projects.
Qureshi added:
“The leadership Ethereum has made a lot of criticism, and it is important that you all know it – it works. They listen. They think hard at the adaptation. It’s a time teacher for them.”
He also shared that leadership EF demonstrates a greater openness to external ideas, moving away from an “not invented” mentality.
Community criticism
The Ethereum (ETH) community expressed its concerns concerning the foundation management, in particular given the underperformance of ETH compared to other major cryptos in 2024.
In particular, ETH’s performance against Bitcoin (BTC) reached a hollow of all time On Binance on March 13, with 1 ETH representing 0.02240 BTC.
Dulne performance occurs even if Ethereum displays positive developments, such as more than $ 3.2 billion in US Treasury vouchers by Rwa.xyz data. This represents almost 70% of the market.
Market players have questioned the management of the Treasury of the Foundation, highlighting the impact of ETH sales on price stability.
Consequently, EF began to change its structure. On February 25, Aya Miyaguchi resigned As an executive director and went to the president. The Foundation has not yet appointed a successor and the co-founder Vitalik Buterin mentioned the plans of a revised leadership structure without providing specific details.
On February 28, the EF announced “Silviculure Society”, an “informal advice” of foreigners, to create channels for community feedback and influence the path of Ethereum. The objective is to preserve the “fundamental values of the EF of open source, privacy, security and resistance to censorship”.
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