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The Ethereum Foundation, a non-profit that supports the second-largest blockchain, has been scrutinized lately, with community members questioning why it sells rather than stakes its ether holdings.It all started with an October 25 social media post in which Buterin shared the roadmap for universal light client verification on Ethereum.
“We don’t want to be in the situation of being forced to make an ‘official choice’ if there’s a contentious hard fork.” He argued that they wanted to maintain Ethereum’s decentralized ethos by letting other entities stake on behalf of the network. This would ensure that no single foundation has an outsized influence on the blockchain.
For this reason, the non-profit’s preference remains funding development and operations directly, which Buterin asserted aligns better with Ethereum’s long-term goals.Sign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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