Quick take:
- The ETH, which is worth roughly $45 million currently, will be deployed over the next few years.
- Buterin said he is also exploring secure decentralized staking options that will allow even more capital from staking rewards to go towards open-source security and privacy tech.
- The Ethereum Foundation will also continue to develop Ethereum, with the same goal in mind.
Vitalik Buterin has unveiled plans to put 16,384 ETH, roughly $45 million, towards open-source security and privacy tech. The funds will come from Vitalik’s personal holdings to outline his personal financial commitment to fund technologies he views as essential to the blockchain’s long-term mission.
According to Vitalik’s post on the X platform, the funds will be deployed over the next few years. He also plans to explore secure decentralized staking options that will allow even more capital from staking rewards to go towards open-source security and privacy tech.
“Ethereum everywhere” is nice, but the primary priority is “Ethereum for people who need it,” Vitalik wrote. “Not corposlop, but self-sovereignty, and the baseline infrastructure that enables cooperation without domination.”
The Ethereum Foundation will also continue to develop Ethereum, with the same goal in mind.
Vitalik, who believes more technology would be involve is certain that the technical layer is something that “we are in control of”. His goal is for project builders and their communities to be able to enjoy the autonomy and safety as a basic right that belongs to everyone.
“Open not in a bullshit ‘open means everyone has the right to buy it from us and use our API for $200/month’ way, but actually open, and secure and verifiable so that you know that your technology is working for you,” he said.
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