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Ethereum Foundation publishes mandate clarifying its role and goals
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Ethereum Foundation publishes mandate clarifying its role and goals

The non-profit organization said the goal is to make Ethereum so decentralized that it could function even if the foundation ceases to exist.

3/13/20265 min read3 views

Ethereum Foundation Aims for Decentralization

In the context of the constant development of the cryptocurrency and blockchain technology ecosystem, the Ethereum Foundation, a non-profit organization behind one of the world's largest cryptocurrencies, has decided to clarify its role and goals within this process.

The main task is to make Ethereum as decentralized as possible, so that it can successfully function even without the active participation of the Foundation. This is in line with the general ideology of the blockchain, which implies the absence of a single center of management and control.

According to the Foundation's representatives, they intend to gradually reduce their influence on the development of Ethereum, transferring more and more powers to independent developers and participants in the ecosystem. Thus, they hope to ensure the long-term sustainability and viability of the platform.

It is important to note that the Ethereum Foundation will continue to play a key role in funding the development of the core protocol and infrastructure, as well as supporting the ecosystem as a whole. However, over time, this role will become more and more auxiliary.

This approach is approved by market experts, who believe that the more decentralized Ethereum becomes, the more stable and secure the entire ecosystem will be. This is especially relevant against the background of growing criticism of cryptocurrencies for their high energy consumption and concentration of power.

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