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Galaxy's former president: "I don't understand" the restructuring of the Ethereum Foundation. Can governance be improved?
Christine Kim, Vice President of Research at Galaxy Digital, named the Ethereum Foundation's restructuring roles overlapping, too many goals, and community concerns about the Foundation's efficiency and transparency (Summary: The Ethereum Foundation's One Trillion Dollar Security Project Releases First Report: Sorting Out Smart Contracts, Infrastructure and Cloud Security.. Six Ecological Challenges) (Background added: The Ethereum Foundation announces five major fiscal reforms: reducing ETH spending to 5% by 2030, strengthening staking and DeFi deployment, and expanding Cypherpunk. Christine Kim, former vice president of research at Galaxy Digital and former research reporter at Coindesk, bluntly called the Ethereum Foundation's latest organizational structure "confusing." She pointed out that multiple key actors have to manage multiple teams at the same time, and they have to solve L1, L2 scaling and user experience within a year, worrying that the progress will get out of control. "The bold, color, and highlight on the chart are all lacking in description, and I can't see who's responsible for what." the new ef org is actually pretty confusing so @ralexstokes @barnabemonnot and @TimBeiko lead all of the ef's r&d teams while also leading their own teams and being responsible for scaling l1, l2, and improving ux in the next 12 months? pic.twitter.com/Xe1JiRWaWk — Christine D. Kim (@christine_dkim) June 11, 2025 Kim questioned Tim Beiko, Barnabé Monnot, and Alex Stokes, all of whom led all R&D. They also lead their own teams. In March, the foundation adopted a dual executive director system, appointed Wang Xiaowei and Tomasz Stańczak at the helm, and reorganized the protocol R&D department to focus on L1 scaling, blob data throughput and UX, and reassigned positions after some of the staff. Kim further pointed out that the color grouping logic is confusing, such as putting the consensus mechanism with the account abstraction, but not putting the stateless consensus into the same group; Testing is the same color as pandaops, but Security is classified separately, increasing the threshold for external reading. The aftermath of outside concerns Ether has fallen 1.3% to $2,748 in the past 24 hours, and research firm CryptoQuant has warned that if the foundation restructuring fails to materialize, the development schedule may again fall behind the competitive chain. In addition, there is still a dispute over Geth client resources, and the community is also worried that after the foundation shifts to "research first", there will be a lack of funds for client upgrades. The foundation said the restructuring would allow the team to "focus more on three goals" and launch the Silviculture Society transparency program. However, industry insiders reminded at Consensus 2025 that although the dual executive director model can decentralize power, without a clear division of labor, communication costs may be higher. In the next 12 months, Ethereum's goal is to complete the Proto-Danksharding upgrade and improve UX, and the results will directly verify that this org chart is just an "incomprehensible" patch chart. Related reports "Former president of Galaxy: "I don't understand" the Ethereum Foundation's restructuring structure, can it do a good job in governance? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".