ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain Servers

ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain Servers

In a surprising turn of events, the Ethereum Proof of Work (ETHW) core development organization has dissolved just weeks after making a plea for funds to maintain their servers. The decision to dissolve the team comes as the protocol aims to achieve full autonomy. The core team faced criticism for their development approach, and their ability to raise funds became increasingly challenging. In their statement, the team expressed their commitment to upholding proof of work as the underlying consensus for the chain. As they transition the servers to Onedao for temporary maintenance, the core team seeks long-term ecological partners to ensure stability. This sudden dissolution raises questions about the future of the ETHW protocol and highlights the challenges faced by development organizations in the crypto space.

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Upholding PoW as the Chain’s Consensus

On December 18, the Ethereum Proof of Work (ETHW) core development organization made the decision to dissolve, allowing the protocol to achieve full autonomy. This decision was made based on in-depth discussions and a majority consensus among the core team members. One of the key aspects of this decision is the commitment to uphold proof of work (PoW) as the underlying consensus for the chain. The core team believes that maintaining PoW over the long term is crucial for the sustainability and security of the Ethereum network.

As part of the dissolution process, the existing servers will be temporarily transferred to Onedao for transitional maintenance. This will ensure that the network remains operational during the transition period. The core team is actively working to identify long-term ecological partners who will take over the maintenance of the servers and support the ongoing development of the Ethereum network.

Reasons for Dissolution

The decision to dissolve the ETHW core development organization was driven by a number of factors. Firstly, the team wanted to fulfill its commitment to achieve full autonomy for the protocol. By operating independently without the Core’s support, ETHW can make decisions and implement changes more efficiently and effectively.

Secondly, the core team endorsed the idea of turning the protocol into an all-in-one ecosystem decentralized autonomous organization (DAO) after The Merge. This vision required significant changes and updates to the Ethereum network, which the team believed could be better achieved through an autonomous approach.

Finally, the core team faced challenges in raising funds to maintain the servers and recruit part-time engineers. Despite efforts to secure funding, the core’s multi-sig balance had dwindled, making it difficult to sustain the development and maintenance of the Ethereum network.

Commitment to Autonomy

Since forking from the Ethereum blockchain in September 2022, the ETHW core team has been committed to achieving full autonomy for the protocol. This commitment stems from the belief that independence allows for more agile decision-making and faster implementation of changes. By dissolving the core development organization, ETHW can operate autonomously and drive its own development roadmap.

Autonomy also brings the opportunity for the Ethereum community to play a more active role in shaping the future of the network. With full autonomy, community members can propose and implement changes, ensuring that the Ethereum protocol remains decentralized and responsive to the needs and demands of its users.

Transfer of Servers to Onedao

As part of the dissolution process, the existing servers will be temporarily transferred to Onedao for transitional maintenance. Onedao has been chosen as the temporary custodian of the servers to ensure operational continuity during the transition period. This transfer will allow the Ethereum network to remain functional and accessible while the core team identifies long-term ecological partners to take over server maintenance.

The core team is actively seeking partners who can provide reliable and sustainable support for the Ethereum network. These partners will play a crucial role in maintaining the servers and supporting the ongoing development of the network. By finding the right partners, ETHW aims to ensure the long-term stability and growth of the Ethereum ecosystem.

The Merge and Changes

After The Merge, the ETHW team endorsed the idea of transforming the protocol into an all-in-one ecosystem decentralized autonomous organization (DAO). This transition required significant changes and updates to the Ethereum network. The core team believed that these changes would enable the network to become more efficient, scalable, and user-friendly.

Some of the key changes proposed by the core team included the integration of various functionalities and services into a single platform, the introduction of new governance mechanisms to empower the community, and the enhancement of security and privacy features. These changes aimed to create a more robust and versatile Ethereum network that could meet the evolving needs of its users.

Trouble in Raising Funds

One of the challenges faced by the ETHW core team was the difficulty in raising funds to maintain the servers and recruit part-time engineers. The core team had relied on community support and donations to sustain its operations. However, as time went on, the funds available to the core dwindled, making it increasingly challenging to ensure the smooth functioning of the Ethereum network.

The team made a plea for $200,000 in funding to cover operational costs and support the recruitment of part-time engineers. The funding was crucial to ensure the stability and continuity of the network. However, the plea faced criticism and skepticism from some members of the Ethereum community.

Plea for Funding

To address the financial challenges, the ETHW team made a public plea for funding. They reached out to the Ethereum and crypto community, seeking support to maintain the core servers and recruit part-time engineers. The team emphasized that the stability of the network depended on the availability of funds.

The plea aimed to raise awareness about the financial difficulties faced by the core team and to encourage community members to contribute to the sustainability of the Ethereum network. The team hoped that with sufficient financial support, they would be able to overcome the challenges and continue driving the development of the network.

Criticism from Chad Edwards

Following the plea for funding, the ETHW core team faced criticism from Chad Edwards, formerly of Twitter. Edwards questioned the team’s approach to development and expressed disagreement with their decisions. He highlighted concerns about the lack of progress and the demand for a significant amount of funding.

The core team responded to Edwards’ criticism by acknowledging his concerns and emphasizing their commitment to transparency and accountability. They explained the financial challenges they had faced and the importance of community support in overcoming those challenges. They also invited Edwards and other critics to engage in constructive dialogues and contribute to the development of the Ethereum network.

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Opinions from Users

While the plea for funding faced criticism from some members of the Ethereum community, others expressed their support and understanding. Users acknowledged the financial difficulties faced by the core team and recognized the importance of securing funds to ensure the stability of the network.

Some users suggested that the core team present a specific development plan to gain more support from the community. They believed that a clear roadmap and transparency in resource allocation would help build trust and encourage more people to contribute.

Conclusion

The dissolution of the ETHW core development organization marks a significant milestone for the Ethereum network. It reflects the team’s commitment to achieving full autonomy and independence, which they believe will enable faster and more efficient development. While the decision faced criticism and challenges in raising funds, the core team remains dedicated to the long-term sustainability and growth of the Ethereum ecosystem.

Moving forward, the team will continue to seek partnerships, maintain the servers, and drive the development of the network. They encourage the Ethereum community to actively engage in shaping the future of the network and contribute to its success. With a united and supportive community, the Ethereum network can continue to thrive and fulfill its potential as a decentralized and innovative platform for the future.

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