In recent weeks, Ethereum 
$3,286 has faced intense scrutiny on social media, prompting co-founder Vitalik Buterin to address concerns about its leadership. While Buterin defended the current leadership team, he acknowledged a need for structural changes within the organization to enhance its effectiveness.
Justin Sun Proposes a Four-Step Plan for Ethereum
Tron founder Justin Sun has presented a radical plan aimed at Ethereum’s development. His proposals include halting ETH sales and taxing Layer 2 projects, intending to reorganize Ethereum’s supply and financial strategies.
Strategic Changes by the Ethereum Foundation
Sun’s suggestions foresee the Ethereum Foundation stopping token sales to optimize revenue. The Foundation plans to maintain its ETH holdings and generate income through staking, lending, and stablecoin borrowing, aiming to alleviate potential downward pressure on Ethereum’s price.
The response from the crypto community has been mixed regarding Sun’s proposals. Some express concern that taxing Layer 2 solutions could adversely affect their sustainability, while others believe certain elements of Sun’s plan warrant consideration.
Sun also recommended reducing staking rewards and downsizing the Ethereum Foundation team to focus on Layer 1 development. These adjustments are expected to improve network efficiency and potentially increase ETH’s value.
Critics voice doubts about the feasibility of Sun’s plan, suggesting that taxing Layer 2 projects could lead to increased congestion on the Ethereum network. Additionally, potential negative impacts, such as a decline in DeFi activities, have been raised.
Despite the skepticism, some of Sun’s core proposals appear logically sound and may positively contribute to Ethereum’s future. As various opinions circulate within the community, many are keenly awaiting the Ethereum Foundation’s next steps.
