Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech
According to reports, Vitalik Buterin has pulled 16,384 ETH from his reserves and plans to spend it on privacy and truly open technology.
That move is paired with a call for five years of thrift at the Ethereum Foundation so the foundation can keep building core software while staying healthy for the long run.
A New Focus On Privacy And Openness
Reports say the funds, worth about $45 million, will back a broad list of projects: open silicon, secure hardware, private messaging, local-first operating systems, and tools that mix zero-knowledge proofs with other privacy tools like FHE and differential privacy.
He has already put money toward encrypted messaging and air quality work, and some new efforts aim to make secure hardware more affordable and verifiable.
The plan covers both pieces of tech and the systems people run on them. Simple apps for daily life are included, not just fancy research.
Personal Money For Public Good
Buterin is taking on what might once have been “special projects” of the foundation. He withdrew the ETH personally, and reports note he is looking at secure, decentralized staking to route future staking rewards into these efforts.
That shifts some financial risk from institutions to an individual who wants those projects to survive even when they are slow or controversial. Some of the initiatives are unlikely to attract fast capital. That is why personal backing matters.
The Foundation is said to be entering a phase of mild austerity so it can meet two clear goals at once: finish an aggressive technical roadmap and remain alive and independent into the far future.
The technical aim is to keep Ethereum fast and scalable without losing decentralization or security. At the same time, the team wants to protect users’ ability to control their keys, their data, and their privacy.
Reports note that “Ethereum for people who need it” is the guiding line, rather than chasing large corporate deals that transform how people use the chain.
Featured image from Unsplash, chart from TradingView
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