Recently, the Switzerland-based Ethereum Foundation revealed its $30 million plans for the next year.
The Role and Philosophy of the Ethereum Foundation
The Ethereum Foundation has thee main roles:
It allocates resources across the Ethereum ecosystem. Currently, the Foundation has around 0.6% of all the ether (ETH) in circulation plus some cash reserves. Furthermore, since these resources are not going to last forever, it is trying to grow the ecosystem’s “funding base,” which means that it needs to give assistance to “innovative mechanisms for funding, including Gitcoin grants and MolochDAO” and to get other organizations to support “high-priority projects.”
It serves as “a voice in the ecosystem”. This…