Ethereum Foundation | Crypto

The Ethereum Foundation is preparing to bring zero-knowledge technology to Ethereum, with plans to launch a zkEVM on the layer-1 network within a year. Ethereum is preparing for a significant architectural upgrade that could see a zero-knowledge Ethereum Virtual Machine (zkEVM) integrated directly into its layer-1 blockchain within a year. In a post by Sophia Gold, a developer in the Ethereum Foundation’s (EF) protocol support team, the EF outlined a path toward replacing traditional block execution with zero-knowledge proofs (ZK-proofs).  Instead of requiring every validator to re-run transaction blocks to verify them, the system will switch to validators only checking ZK-proofs, which are tiny cryptographic receipts that confirm everything was done correctly.  Read more

Tornado Cash developers Roman Storm and Alexey Pertsev received renewed support from the crypto community on their respective trials for deploying the open-source code behind the mixer. The Ethereum Foundation on June 12 donated $500,000 to Tornado Cash developer Roman Storm’s legal defense. It said it will match another $750,000 from public contributors as the […] The post Tornado Cash support: Ethereum Foundation pledges $1M to Storm’s defense, entities boost Pertsev appeal appeared first on CryptoSlate.

Péter Szilágyi, a former Ethereum Foundation employee and the lead Geth developer, said the organization repeatedly undermined his team. A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in several ways, including encouraging the developers to work at other firms, proposing salary cuts and offering $5 million for the team to spin off into a private company. Szilágyi wrote in a Wednesday X post: He corrected the year further down the post chain, writing, “2024, whatev :).” Read more

According to the Ethereum Foundation, “a significant burden of security” still falls on users of digital assets. The Ethereum Foundation has highlighted six security challenge areas for its ecosystem’s future in a Tuesday report, including issues with user experience and the social layer. The analysis, generated through inputs from Ethereum stakeholders like users and developers, notes that user experience, or UX, is one of the key security areas where Ethereum can enhance its position. “A significant burden of security falls on the user,” notes the report, adding that “UX security and safety was the top issue identified through feedback and consultation with the ecosystem.” Read more

The Ethereum Foundation has released the first report in its most comprehensive security initiative to date, which maps the critical risks Ethereum (ETH) must address to support trillions in global on-chain value. The first Trillion Dollar Security (1TS) report outlines what individuals, institutions, and governments require to entrust significantly larger sums to the network. The […] The post Ethereum Foundation releases first 1TS outlining roadmap to tackle security challenges appeared first on CryptoSlate.

The Foundation backing the Ethereum blockchain has laid out a new treasury policy to ensure it allocates resources efficiently while supporting its DeFi ecosystem. The Ethereum Foundation is adopting a more structured and transparent treasury policy that ties operational costs and cash needs to its Ether reserves and sales to strengthen its financial position as it anticipates a pivotal 18 months ahead. Its annual operating cost — measured as a percentage of the EF’s treasury — and the number of years of runway will be reassessed regularly, factoring in market dynamics and community input to ensure the foundation’s short-term operations remain aligned with its long-term strategy, one of the foundation’s directors said on June 4. Hsiao-Wei Wang said the Ethereum Foundation currently only has 2.5 years before it runs out of cash, setting the stage for a crucial 18 months as it seeks to deploy resources more deliberately and provide more ecosystem support: Read more

Ethereum Foundation has released a sweeping update to its treasury management strategy, signaling a more mature, structured approach to capital allocation amid ETH’s growing global influence and rising institutional scrutiny. The new framework, published on June 4, outlines how the foundation will manage reserves, deploy capital in DeFi protocols, and assess privacy standards, while maintaining […] The post Ethereum Foundation unveils comprehensive treasury plan to balance capital and privacy commitments appeared first on CryptoSlate.

The Ethereum Foundation (EF) merged its protocol research and development units under a single banner, called Protocol, on June 2. The new initiative focuses resources on three technical priorities: scaling the base layer, expanding blob capacity for layer-2 networks, and enhancing the user experience. The three-track plan Protocol will steer code writers, researchers, and project […] The post Ethereum Foundation unites protocol teams to fast-track scaling, blobs and UX overhaul appeared first on CryptoSlate.

Aave founder Stani Kulechov says the Ethereum Foundation is now both supplying and borrowing from Aave, completing what he calls “the full DeFi circle.” The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The EF is not only supplying ETH to Aave, but also borrowing from Aave,” Kulechov wrote, describing the development as “the full DeFi circle.” GHO is a decentralized, overcollateralized stablecoin native to the Aave Protocol. Unlike centralized stablecoins, GHO is governed by Aave’s decentralized autonomous organization (DAO), which oversees interest rates, collateral requirements and facilitator selection.  Read more

The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a long-term plan to raise Ethereum’s security standards in line with its growing importance in global finance. The Foundation said it aims to position Ethereum as a network capable of securely holding trillions of dollars in assets for individuals and institutions. According to the […] The post Ethereum Foundation aims to secure the future with trillion-dollar security initiative appeared first on CryptoSlate.

The “Trillion Dollar Security Initiative” seeks to address legacy systems' issues and support Ethereum developers. The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum's role in programmable digital assets. Fredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team will be the initial co-chairs of the initiative. Three contributors to the Ethereum ecosystem — samczsun, Medhi Zerouali, and Zach Obront — will help guide the project. Called the Trillion Dollar Security Initiative, the effort seeks to analyze, improve, and communicate to Ethereum developers areas where security can be improved, including user experience, wallet security, smart contract security and infrastructure. Read more