Vitalik Buterin Sheds Light on Ethereum Foundation’s 2023 Spending
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Vitalik Buterin, Ethereum’s co-founder, took to social media to clarify the Ethereum Foundation’s (EF) spending practices following a surge of speculation and debate within the crypto community.
As discussions intensified about how the EF allocates its substantial resources, Buterin’s intervention sought to address this issue early.
In the thread, the foundation previewed the upcoming EF financial report covering 2022 and 2023, shedding light on internal and external expenditures.
Updates from @0xstark on EF spending.
The key info is in this chart.
The "new institutions" category basically means @NomicFoundation, @TheDRC_ , @l2beat, @0xPARC etc – no World Economic Forum insect protein research here!
More info has been and will be published; see thread. https://t.co/sWVfQQ5XQF pic.twitter.com/FY2EPT7Wiz
Concerns about the Ethereum Foundation’s spending practices have been brewing for some time now, particularly as the crypto community grows increasingly vigilant about the transparency and accountability of major organizations.
The EF, responsible for supporting Ethereum’s ecosystem through funding research, development, and various initiatives, has often been the center of debates regarding how it allocates its considerable financial resources.
After all, Buterin loves debates.
Critics have questioned whether the foundation’s spending aligns with its stated mission of promoting decentralization and innovation within the Ethereum network.
The controversy gained momentum after various stakeholders within the community raised questions about
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