#VitalikPledgesLeanerEFFewerETHSales
*Ethereum Foundation - EF*
It's a non-profit organization working to support and develop the Ethereum network, but it's not the "owner" or "ruler" of Ethereum. Vitalik Buterin himself said that the foundation has never aimed to be a central authority.
So what do they actually do?
*1. Protocol Development*
They fund teams working on the core Ethereum code, updates, research, and a bug bounty program.
*2. Ecosystem Funding*
They start grants for teams and open-source projects working on Ethereum through the Ecosystem Support Program.
*3. Research*
They fund research in cryptography, consensus, scalability, privacy, and security.
*4. Community and Events*
They organize the annual Devcon conference for developers and researchers.
Important things to know about them:
- *They don't control Ethereum*: The foundation is a small part of a massive ecosystem. They are not the company that manages Ethereum.
- *Their ownership is very small*: They hold about 0.16% of the total Ethereum supply, which is much less than other blockchain institutions that hold 10-50%.
- *Their core principles CROPS*: They work on censorship resistance, open source, privacy, and security. 4ea4
- *Current Direction*: They've reduced selling Ethereum to maintain long-term sustainability and focused more on privacy and censorship resistance.
Their official website is: `ethereum.foundation`
*Ethereum Foundation - EF*
It's a non-profit organization working to support and develop the Ethereum network, but it's not the "owner" or "ruler" of Ethereum. Vitalik Buterin himself said that the foundation has never aimed to be a central authority.
So what do they actually do?
*1. Protocol Development*
They fund teams working on the core Ethereum code, updates, research, and a bug bounty program.
*2. Ecosystem Funding*
They start grants for teams and open-source projects working on Ethereum through the Ecosystem Support Program.
*3. Research*
They fund research in cryptography, consensus, scalability, privacy, and security.
*4. Community and Events*
They organize the annual Devcon conference for developers and researchers.
Important things to know about them:
- *They don't control Ethereum*: The foundation is a small part of a massive ecosystem. They are not the company that manages Ethereum.
- *Their ownership is very small*: They hold about 0.16% of the total Ethereum supply, which is much less than other blockchain institutions that hold 10-50%.
- *Their core principles CROPS*: They work on censorship resistance, open source, privacy, and security. 4ea4
- *Current Direction*: They've reduced selling Ethereum to maintain long-term sustainability and focused more on privacy and censorship resistance.
Their official website is: `ethereum.foundation`