Ethereum Foundation Faces Criticism Over ETH Sales; Developer Defends Its Core Mission to Advance Protocol

ETH4.48%
According to Cointelegraph reporting and blockchain researcher William Mougayar, the Ethereum Foundation recently faced community criticism for ETH sales, unstaking, and limited public communication. Mougayar defended the foundation in a recent post, clarifying that the Ethereum Foundation, ETH (the asset), and the Ethereum network are three distinct entities. The foundation's role is as a non-profit organization dedicated to advancing protocol development, not pumping ETH. Mougayar stated the foundation aims to gradually reduce founder reliance by upgrading the protocol, funding core research, and decreasing its own centralization influence.
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