The Ethereum Foundation, led by Vitalik Buterin, faces the necessity to adapt to a rapidly evolving competitive environment.
Competition in the Blockchain Sphere
Ethereum, as a pioneer in blockchain technology, faces increasing competition. Alternative Layer 1 networks are rapidly developing, and Layer 2 solutions sometimes cause more harm than good. In these conditions, Ethereum must change its approach to maintain its leadership.
Urgent Areas of Improvement
Mougayar highlighted six major issues: insufficient communication, imbalance between Layer 1 and Layer 2, weak leadership perception, slow development cycles, governance issues, and internal management inefficiencies. Improving transparency and providing regular updates are necessary to maintain community engagement.
Ethereum's Adaptation to New Conditions
Buterin's vision secured success, but the ecosystem requires adaptive leadership. Examples of industry giants like Steve Jobs and Bill Gates demonstrate the importance of evolving company leaders to maintain competitiveness. Proactive governance and organizational changes are necessary.
Ethereum must adapt its strategy and management approach to retain its market position.
