They create Ethereum Parallel Foundation to bring their price to $ 10,000

On July 1, during a conference in Paris, France, participants of the Ethereum ecosystem presented a new body for the intelligent contract network: the Ethereum Community Foundation (ECF). This initiative seeks to reorient Ethereum’s approach to the value of its native cryptocurrency, Ethher (ETH).

The ECF arises with the premise that «the price of ETH has been ignored for too long. The ECF is here to change that, ”according to its official website.

Along the same lines, Zak Cole, a developer and one of the promoters of the new project, emphasized that «the Ethereum Foundation (EF) will not say it. So we did it. Bringing to $ 10,000 is a requirement. Not a meme ».

Cole, who was also the one who presented the ECF, outlined the strategic priorities of this new entity.

Among them, Plan to finance projects that Quemen Etha process that reduces the total supply of cryptocurrency in circulation, which could theoretically increase its value by making it more scarce.

It also seeks to strengthen Ethereum’s immutability, that is, to ensure that chain rules Do not arbitrate arbitrarilya pillar for its technical credibility.

Another point is reject speculation with tokensfocusing on models that avoid the creation of artificially inflated digital assets, and actively represent the interests of those who have ETH, giving voice to the holders in the decisions of the network.

The monetary vision of the ECF establishes Ethereum as a critical infrastructure for digital finances, with the goal of reaching a market capitalization of 1.2 billion dollars, according to the announcement.

Place pointed to what he considers a weakness in the Ethereum ecosystem: the lack of a solid regulatory presence, unlike competitors like Solana, which maintain active lobby in US cities like Washington DC

To address it, the ECF proposes to launch the Ethereum Validator Association (EVA), an entity that will give the validators (the nodes that ensure the network through Staking) greater influence on the development and network decisions.

The ECF also questioned the financing model of the Ethereum Foundation, considering it ineffective.

According to school, current funds They support vague public goods And they allow projects to develop extractive models with tokens, where creators obtain disproportionate benefits.

This diagnosis suggests that ECF will seek a more transparent and aligned approach to the interests of the Holdersalthough there are still details about their financial structure.

As Cryptonotics reported, Ether (ETH) is still an inflationary cryptocurrency after the sicking update.