Ethereum (ETH) Foundation Publishes Guidelines Outlining Its Role as Network Steward

Source
JH Kim

Summary

  • The Ethereum (ETH) Foundation said it has released official guidelines detailing its role as a network steward and its long-term responsibilities.
  • The document said the foundation is the original steward of the Ethereum project but is not a parent company, owner or governing authority, and is not structured to represent or control the system.
  • The foundation presented user sovereignty, censorship resistance, open source, privacy and security as core principles, and said it aims to gradually reduce its influence as the ecosystem matures.

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The Ethereum Foundation has released official guidelines summarizing its philosophy and long-term role as a network steward.

According to CoinDesk, a digital-asset (cryptocurrency) news outlet, on the 13th (local time) the Ethereum (ETH) Foundation explained the foundation’s role, operating principles and priorities in a 38-page document.

The document states that “the Ethereum Foundation is the original steward of the Ethereum project, but it is not a parent company, owner or governing authority,” adding that “the foundation itself is not structured to represent or control the system.”

It also defines Ethereum’s core purpose as enabling user sovereignty. To that end, it says the development process must uphold principles of censorship resistance, open source, privacy and security.

The foundation said it aims to gradually reduce its influence as the ecosystem matures. The document was released as the organization enters a transition phase following the announcement that Ethereum Foundation co-executive director Tomasz Stańczak will step down.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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