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Joe Lubin denies any crisis at the Ethereum Foundation

Criticism surrounding the Ethereum Foundation has multiplied over the past few weeks. Budget cuts, internal departures, and shifts in direction have fueled debates within the blockchain community. However, Joe Lubin refuses to talk about a crisis. According to the co-founder of the network and CEO of Consensys, these adjustments actually reflect a necessary evolution in the role of the foundation.

In summary

Joe Lubin claims that the changes at the Ethereum Foundation are due to a strategic realignment, not an internal crisis.

The foundation should remain focused on the protocol, technology, and network neutrality.

Other organizations could take charge of adoption, growth, and institutional relations.

Lubin believes that new uses related to AI and institutions can open a new phase for the ecosystem.

Ethereum: Joe Lubin defends a strategic realignment

Joe Lubin believes that the Ethereum Foundation should maintain a more limited and clear role. For him, Ethereum needs an organization concentrated on technology, the protocol, and the core values of the network. Meanwhile, other players can handle adoption, institutional relations, and ecosystem growth. In a statement attributed to CoinDesk, he insists:

It is essential that the Ethereum Foundation remains credible and impeccable in terms of neutrality because the potential for conflicts of interest between commercial players and developers does not constitute a credible and neutral way to manage a decentralized protocol ecosystem.

Joe Lubin, co-founder of Ethereum. Source: CoinDesk.

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