Zack Cole said that ECF will financing infrastructure projects developing the ecosystem.
“Ethereum is the foundation of decentralized finance and stablecoins. This is the future of the monetary system. The vision of Ethereum Foundation led us to this point. But strategically, economically and cultural, the fund has come down from its journey, ”the developer said.
According to him, ECF will be able to close all the Ethereum Foundation “gaps” left and will do what the organization “does not want or cannot do”.
The main support fund for the network has long been ignored as one of the important assets of the industry. At the same time, the course of the second in capitalization of cryptocurrency “directly provides security function”, so the broadcast should strive for $ 10,000, Cole explained.
The new organization will provide grants to projects that will contribute to the development of infrastructure and scale the network. As one of the first recipients of the ECF grant, Ethereum Validator Association was called, which is engaged in the promotion of the interests of operating participants in the ecosystem through voting.
Earlier, the Investment Director of the Maelstrom Foundation and the co -founder of the Bitmex crypto -tank, Arthur Hayes, said that the Ethereum blockchain will surpass the performance of its competitor Solana, despite criticism.
Source: Bits
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