Welcome to The Protocol, CoinDeskโs tech newsletter covering the most important stories in blockchain. Iโm Margaux Nijkerk, a reporter at CoinDesk.
Weโre revamping the newsletter to bring you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week.
This week, weโre diving into why the Ethereum Foundation is at the center of cryptoโs culture war, again.
In recent weeks, critics have accused the foundation of becoming insular, slow-moving and disconnected from the increasingly competitive realities of the blockchain industry, reigniting a years-long debate over whether the EF still serves a meaningful role inside Ethereumโs sprawling ecosystem, or whether the network has begun to outgrow the institution that helped create it.
The EF is completely out of touch,โ said Zak Cole, a longtime Ethereum contributor, during a recent appearance on Laura Shinโs Unchained podcast. โTheyโre funding hippos in Asia and doing a bunch of stuff nobody in the world gives a s*** about other than Vitalik and his little cabal.โ
The backlash intensified after several prominent contributors departed the foundation earlier this year, a total of eight since January 2026, fueling speculation about whether the EF was entering a period of decline at a moment when Ethereum itself has become increasingly important to the broader crypto economy
โA smaller org concentrated on the research only it can credibly do, such as post-quantum work, privacy, neutrality and other long-horizon questions that donโt have a commercial sponsor, is probably a healthier shape than the sprawl of the last few years,โ he said. โThe talent loss is real and the transition will be painful, but a leaner org aimed at hard problems with long timelines is useful to the ecosystem.โ
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