Ethereum Foundation reveals its development plans for the next year

The Ethereum Foundation announced the achievements made over the last year and how it plans to allocate its resources over the next 12 months.

The Ethereum Foundation has redefined its strategy to do what is best for the ecosystem focusing on where the most value can be added and allowing others to add value based on their expertise.

Under the philosophy of "Subtraction," the Foundation is moving away from "Growing and accumulating value within themselves." Instead, they have been distributing opportunities to the community, pushing resources out to teams across the ecosystem, and encouraging other organizations to improve the Ethereum blockchain so that it can become more decentralized and sustainable.

The Ethereum Foundation is a resource allocator and understands its responsibility to ensure that every dollar is spent properly.

Over the last year, significant progress has been made to upgrade the entire Ethereum protocol.

As a result, the Ethereum Foundation has come to realize that it does not matter whether a project is internal or external, but the importance relies on the effectiveness of the capital spent to achieve Ethereum's goals.

Since billions of dollars of assets are being created using the Ethereum blockchain, it is very important to continue improving different technologies such as Geth, Solidity, and Web3.js as well as Ethers.

The Foundation will invest the remaining $3 million in growing the Ethereum community to ensure its success.

A big number of companies such as EOS and TRON have joined the space creating their own smart-contract blockchains which could pose a threat to Ethereum.

The Ethereum Foundation has been working on effectively deploying its resources to empower the community and make significant steps towards improving the ecosystem.