Vitalik Buterin announced that the Ethereum Foundation is no longer competing with Solana on transaction speed, instead focusing on long-term decentralization, censorship resistance, openness, privacy, and security (CROPS). This strategic shift comes amid challenges including a 60% decline in ETH against Bitcoin over five years, the departure of eight senior researchers, and competition from newer platforms like Hyperliquid. The Foundation is also reducing its influence, with Buterin's board control decreasing as new members join.
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Vitalik Says Ethereum Is Done Competing With Solana on Speed šØ #cryptoAƱadido:
Ethereum just announced it's no longer competing with Solana on speeds. And Vitalik wrote 2,000 words explaining why this is happening. He said the Ethereum Foundation is shrinking, selling less Ethereum, and stepping back from the throughput race entirely. The Foundation is repositioning around what they're calling crops: censorship resistance, openness, privacy, and security. Vitalik also confirmed his own influence on the board will continue to decrease [music] as new members join. This shift comes at difficult time for Ethereum. ETH is down 60% against Bitcoin over 5 years. Eight senior researchers have left the Foundation this year, and newer platforms like Hyperliquid are pulling serious volume away from Ethereum based in DeFi. What do you guys make of all this news? Let us know in the comments below.
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