Original author: Fairy, ChainCatcher
Original editor: TB, ChainCatcher
In this cycle, Ethereum is in a dilemma: the Meme coin craze has sucked away funds and attention, the Layer 2 boom has backfired on the value of the main network, and the Ethereum Foundation has been criticized for its inaction. The market is full of doubts about Ethereum. Ethereum, once regarded as the king of public chains, is being ridiculed by the community as the declining old order, and Vitalik has also fallen from the altar.
With the markets cold eyes, internal friction in the ecosystem and weak coin prices, Ethereum finally couldnt sit still...
Facing the community, developers, and investors, a self-rescue operation has officially begun. The adjustment of the Ethereum Foundations personnel and the establishment of new departments are undoubtedly the first shot in this transformation.
Rebirth of the Ethereum Foundation
The signal of reform was released as early as January 13. From the activation of the official X account to the establishment of new departments and the introduction of new talents, the structure of the Ethereum Foundation is undergoing profound adjustments.
The recent actions of the Ethereum Foundation are shown in the figure:
New organization, new structure, new mission
In terms of organizational structure, three important organizations related to the Ethereum Foundation have been established recently, focusing on different dimensions such as technology, governance and institutional connections.
Etherealize: Connecting Wall Street and Ethereum
Etherealize is the institutional-grade marketing and product arm of the Ethereum ecosystem, aiming to drive ETH adoption in traditional financial markets.
Its core mission is to drive institutional adoption in both directions: on the one hand, promote Ethereum as a store of value asset and underlying technology platform to institutions; on the other hand, build financial products, introduce institutional funds and users into the Ethereum ecosystem, and strengthen the economic cycle of the main network.
The establishment of Etherealize shows that Ethereum is driving institutional adoption and building a more open and inclusive financial ecosystem.
EF Silviculture Society: Defending the core values of decentralization
It is composed of 15 non-Foundation members and is an informal advisory group whose main function is to ensure that the development of the Ethereum ecosystem is consistent with the core values of open source, privacy, security, and anti-censorship. EF personnel can seek advice from them through dedicated channels.
EF Silviculture Society reflects Ethereums further strengthening of the community governance structure, while allowing more senior developers and industry experts to participate in Ethereum discussions.
Ethereum Foundation Research: The Pillar of Technological Innovation
The research department of the Ethereum Foundation will consist of five teams: Application Research Group (ARG), Consensus RD, Cryptography, Protocol Security, and RIG. These five teams cover the core aspects of Ethereum development and provide basic guarantees for technological evolution and ecological optimization.
7 personnel adjustments, reshaping the core team
In addition to the establishment of the new organization, the Ethereum Foundation also made a large-scale leadership adjustment. Vitalik said that the purpose of this adjustment is to improve the technical expertise of the foundations leadership, strengthen two-way communication with all parties in the ecosystem, promote the addition of fresh blood, and increase support for application layer developers.
Details of job adjustments are as follows:
Among all the adjustments, the most notable one is that Aya Miyaguchi, the former executive director of the Ethereum Foundation, was promoted to chairman (Related reading: Multiple perspectives | Can Ethereum regain market confidence after changing its leader Aya Miyaguchi? ), and Hsiao-Wei Wang and Tomasz Stańczak took over as co-executive directors.
Hsiao-Wei Wang has been deeply involved in Ethereum for many years and is one of the researchers within the Foundation who has long focused on the protocol layer and core technologies. She has been deeply involved in the development of the beacon chain, sharding technology, and the Casper consensus mechanism, and has a deep understanding of Ethereums underlying architecture and decentralized governance.
Tomasz Stańczak is a versatile person with entrepreneurial experience, executive ability and global vision. He has accumulated many years of experience in traditional finance and technology, and then joined the crypto industry, creating Nethermind, one of the most important clients of Ethereum, and playing a core role in multiple projects such as StarkNet and Forta. He not only has a strong technical background, but is also good at managing teams, promoting product implementation, and establishing a global cooperation network.
The two new executive directors each have their own strengths, forming a complementary leadership combination. The combination of the two can promote the foundations technical research and bring more efficient management and decision-making in terms of ecological construction, market expansion and community governance. This may be the key reason why the foundation chose them as co-executive directors.
The voice of the market: hope and concerns in the transformation
There are mixed opinions on the recent actions of the Ethereum Foundation. Ethereum core developer Tim Beiko said that the recent organizational structure adjustment of Ethereum will be a historical turning point. The new organizational structure will ensure that Ethereum keeps pace with the times while maintaining its original values.
However, KOL @TrustlessState said that he was still skeptical about the model of joint executive directors (Co-EDs). Ethereum needs strong executive leadership. While Ethereums competitors are using its flat management model as an advantage, choosing joint executive directors means that the foundation is still maintaining this flat structure.
Crypto KOL @0x Ning 0x summarized the personnel changes in a more teasing way: The high school female teacher retreated to the second line as the chairman, the technical researcher and engineer became the co-executives, and the marketing expert led Ethereum to embrace business. The era of Ethereums white left terror rule has ended, and the positioning has changed from the so-called infinite forest garden to the community of crypto punk thinkers. Return to the original intention and do not forget the mission.
The markets reaction to Ethereums changes is clearly polarized. Supporters see the potential of Ethereum in terms of technology, governance, and ecological expansion, and believe that this is an important step towards a new stage; while skeptics have raised concerns about the efficiency and execution of the joint executive director model.
Structural adjustments alone are not enough to rebuild market confidence. The real test lies in whether Ethereum can demonstrate sufficient execution and adaptability in future technological innovation, ecological development, and market strategy. In any case, the transformation of Ethereum has already begun...
