Etherrium Developer Zak Cole is leading a new initiative called ECF (Ethereum Community Foundation), which will mainly try to improve the economic value of digital assets.
This initiative was presented at the Ether Leeum Community Conference in Cannes, France.
The ECF, founded by COLE and Ecosystem supporters, has already filed a “millions”, we plan to allocate the Treasury to a project that implements an immutability, does not issue new tokens, and implements the mechanism for burning Etherrium.
These requirements are consistent with the foundation’s mission to reduce the circulation ETH supply and strengthen the monetary policy of the network.
The initial initiative of ECF, known as EVA (Ethereum Validator Association), will have a more effective effect on protocol development by allowing an validity test to signal the preference using steak ETH.
EVA will also invest in Validator infrastructure to improve decentralization and network security.
In addition to its valid initiatives, the ECF aims to fund the actual asset integration of traditional financial products such as stocks, bonds and real estate to Ethereum’s blockchain. The Foundation considers this integration as an important thing for institutional adoption, which is considered a major driver of long -term network value.
In addition, the ECF prioritizes funds for public goods that solve technical problems in the Etherrium ecosystem, including adjustment of expensive blobs used in data soluble layers.
The decision to support funds is applied by coin voting, and the more extensive Etherum community can participate in the subsidy allocation decision. The ECF emphasized that all the funding decisions, financial movement and project milestones will be publicly maintained publicly to ensure the community’s goals, responsibilities and coordination.
The launch of the ECF comes at the pivotal period of Ether Leeum as the network has been reconstructed as the network changes the management of the Ether Leeum Foundation.
The mission of the ECF is promoted as an institution infrastructure that can trust Ether Lee, according to the relationship with the government, regulators and policymakers. The Foundation’s specific supporters have not been publicly disclosed, but additional announcements on the upcoming financing rounds with supporters are expected in the next few weeks.
The ECF focuses on projects that strengthen ETH’s economic integrity without introducing new tokens, and is becoming an alternative funding Avenue in the ecosystem. It aims to be supplemented, but it is different from the current priority of the Ether Leeum Foundation.