• Ethereum Foundation (EF) is reorienting its top three strategic goals, led by core team members
  • The EF laid off some members of the “Protocol R&D” team and announced major rebranding efforts

The Ethereum Foundation has come up with a restructuring plan to improve its ecosystem. From rebranding its R&D department to shedding some staff members, various changes are underway at EF. The Ethereum network was on the verge of loosening its grip over the crypto industry. However, the EF has decided to reorient its goals to benefit the broader community of users. 

As per the latest announcement from the Ethereum Foundation, some members of the Protocol Research & Development team lost their positions at the EF moving forward. It didn’t give any clear numbers or reveal the names of these members. 

The team believes it is time to leave behind the old ways of thinking and take a new approach for an effective path forward. Thus, the “Protocol R&D” team rebranded to the “Protocol,” aligning with the new goals and values of the Ethereum Foundation core team members. 

Ethereum Foundation Rethinks Its Approach to Achieving Strategic Goals

The team has addressed the pivotal moment the network is in at present. As zkEVMs are gaining popularity and adoption, along with increasing layer 2 solutions, Ethereum is not taking these times lightly. It believes that restructuring is important to grab the opportunity to deploy Ethereum technology and values at a planetary scale.

It summarized the following three strategic goals of the EF: 

  • Scaling layer 1, led by Tim Beiko & Ansgar Dietrichs
  • Scaling layer 2, led by Alex Stokes & Francesco D’Amato
  • Improving user experience (UX), led by Barnabe Monnot & Josh Rudolf

The Ethereum Foundation has been witnessing various changes in its structure for the past few months. Vitalik Buterin’s announcement of EF leadership changes brought in a lot of criticism earlier this year. After a couple of months, the EF proposed a division between its executive and board functions. 

The developer team of Ethereum seems to have bigger plans for the network in the coming months. This includes the recent announcement by Vitalik Buterin to scale Ethereum by 10X over the next year. He also mentioned network developments and preservation of security, privacy, and decentralization while scaling the network. 

Nonetheless, the Ethereum network stands at a crossroads and is cautiously choosing its next steps. The coming few months are critical for the industry, especially for Ethereum. This is because the crypto community is looking towards the network with hopes of regaining its former glory as the best network for dApps. 

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