According to reports, Vitalik Buterin has pulled 16,384 ETH from his reserves and plans to spend it on privacy and truly open technology.
A New Focus On Privacy And OpennessHe has already put money toward encrypted messaging and air quality work, and some new efforts aim to make secure hardware more affordable and verifiable.
In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:
1. Deliver on an aggressive roadmap that ensures Ethereum’s status as a performant and scalable world computer that does not compromise on…
Personal Money For Public GoodThat shifts some financial risk from institutions to an individual who wants those projects to survive even when they are slow or controversial. Some of the initiatives are unlikely to attract fast capital. That is why personal backing matters.
The Foundation is said to be entering a phase of mild austerity so it can meet two clear goals at once: finish an aggressive technical roadmap and remain alive and independent into the far future.
The technical aim is to keep Ethereum fast and scalable without losing decentralization or security. At the same time, the team wants to protect users’ ability to control their keys, their data, and their privacy.
Reports note that “Ethereum for people who need it” is the guiding line, rather than chasing large corporate deals that transform how people use the chain.
Featured image from Unsplash, chart from TradingView
