PANews reported on October 20th that Péter Szilágyi, an Ethereum core developer and lead maintainer of the Geth client, publicly criticized the Ethereum Foundation (EF)'s internal compensation system and governance structure, expressing his "deep disappointment with the EF." Szilágyi stated that "working at the EF has been a poor financial decision" since joining, stating that his total compensation over six years at the Foundation was only $625,000 (pre-tax and without incentives), a period during which the total market capitalization of ETH grew from zero to approximately $450 billion. He noted that this low salary structure forces members who truly care about protocol development to seek external compensation, thereby creating a risk of "protocol capture by interest groups." Szilagyi also criticized EF for issues such as unfair compensation, lack of transparency, and concentrated power, claiming the foundation's overreliance on "idealists" and maintaining an internal culture of opacity by concealing compensation information. He also pointed out that the Ethereum ecosystem has become a small circle centered around Vitalik Buterin, with a small number of opinion leaders and venture capital firms controlling major projects and decision-making. Szilagyi bluntly stated that Ethereum has shifted from idealism to realism, and that its governance and incentive structures "have designed the protocol to be a captive system," adding that "it's difficult to see a bright future."PANews reported on October 20th that Péter Szilágyi, an Ethereum core developer and lead maintainer of the Geth client, publicly criticized the Ethereum Foundation (EF)'s internal compensation system and governance structure, expressing his "deep disappointment with the EF." Szilágyi stated that "working at the EF has been a poor financial decision" since joining, stating that his total compensation over six years at the Foundation was only $625,000 (pre-tax and without incentives), a period during which the total market capitalization of ETH grew from zero to approximately $450 billion. He noted that this low salary structure forces members who truly care about protocol development to seek external compensation, thereby creating a risk of "protocol capture by interest groups." Szilagyi also criticized EF for issues such as unfair compensation, lack of transparency, and concentrated power, claiming the foundation's overreliance on "idealists" and maintaining an internal culture of opacity by concealing compensation information. He also pointed out that the Ethereum ecosystem has become a small circle centered around Vitalik Buterin, with a small number of opinion leaders and venture capital firms controlling major projects and decision-making. Szilagyi bluntly stated that Ethereum has shifted from idealism to realism, and that its governance and incentive structures "have designed the protocol to be a captive system," adding that "it's difficult to see a bright future."

Ethereum core developers criticized the foundation's compensation system, saying their total compensation over six years was only $625,000

2025/10/20 19:02
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on October 20th that Péter Szilágyi, an Ethereum core developer and lead maintainer of the Geth client, publicly criticized the Ethereum Foundation (EF)'s internal compensation system and governance structure, expressing his "deep disappointment with the EF." Szilágyi stated that "working at the EF has been a poor financial decision" since joining, stating that his total compensation over six years at the Foundation was only $625,000 (pre-tax and without incentives), a period during which the total market capitalization of ETH grew from zero to approximately $450 billion. He noted that this low salary structure forces members who truly care about protocol development to seek external compensation, thereby creating a risk of "protocol capture by interest groups."

Szilagyi also criticized EF for issues such as unfair compensation, lack of transparency, and concentrated power, claiming the foundation's overreliance on "idealists" and maintaining an internal culture of opacity by concealing compensation information. He also pointed out that the Ethereum ecosystem has become a small circle centered around Vitalik Buterin, with a small number of opinion leaders and venture capital firms controlling major projects and decision-making. Szilagyi bluntly stated that Ethereum has shifted from idealism to realism, and that its governance and incentive structures "have designed the protocol to be a captive system," adding that "it's difficult to see a bright future."

Market Opportunity
Core DAO Logo
Core DAO Price(CORE)
$0.04413
$0.04413$0.04413
-1.42%
USD
Core DAO (CORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Zcash (ZEC) 2026: A Rare Altcoin Thesis That Still Holds Up

Zcash (ZEC) 2026: A Rare Altcoin Thesis That Still Holds Up

Zcash (ZEC) has rallied roughly 1,200% over the past year and trades around $600 with a market cap close to $10 billion, putting it inside the top 15 cryptocurrencies
Share
Brave New Coin2026/05/11 07:01
Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades

Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades

TLDR: Crypto firms are upgrading wallets to post-quantum MPC signatures before blockchain protocols make the same shift. NIST-approved algorithms like ML-DSA are
Share
Blockonomi2026/05/11 07:21

KAIO Global Debut

KAIO Global DebutKAIO Global Debut

Enjoy 0-fee KAIO trading and tap into the RWA boom