tl;dr
I’m stepping down from my co-ED position on the EF on the finish of February 2026. Bastian Aue is taking on the co-ED position alongside Hsiao-Wei. The long run is vivid for builders, for Ethereum, for the EF, and for me.
Way forward for Ethereum
As competing concepts emerge and fail and the markets leap up and down, we’ve got by no means been given an excessive amount of certainty. The conviction about Ethereum that comes from a deep understanding of its expertise, its governance, its that means for the longer term, and the values we share will at all times make us converge intermittently, even when our curiosities drive our explorations very removed from the canonical paths.
For a very long time, I’ve been exploring what the way forward for Ethereum seems like. We’re witnessing the transition of financial infrastructure to Ethereum, and the emergence of automated, agentic interactions. Very quickly, we will witness robots, new forms of governance, and AI healthcare and education. I imagine that Ethereum will stay a pure infrastructure layer for coordination of all these applied sciences interacting.
Open-source LLM fashions are usually not doing badly and can hopefully do higher and higher. Open-source agentic staff have gotten essentially the most thrilling toys for builders and creators since early Ethereum. Vital privateness and safety questions emerge across the new paradigms; the world is altering quick, and among the many adjustments, Ethereum is changing into the underlying infrastructure for verification and monetary transactions. The cypherpunk ethos of Ethereum stays intact, with one of the best of the privateness builders and safety consultants making certain that the community helps individuals protect privateness and entry to important infrastructure.
Ethereum emerged because the clear institutional choice in 2025. Dashboards present Ethereum’s rising market share in stablecoins and RWA activity. Ethereum is seen because the lowest-risk chain. Credible neutrality, decentralization, and no downtime since genesis all current establishments with an infrastructure with uniquely low counterparty, expertise, and jurisdiction danger. I’m trying ahead to Ethereum exhibiting up on the monetary facilities of the world, with the key institutional Ethereum conference coming to New York this yr.
With the development of AI and progressing integration into the world monetary methods, there has not often been a extra thrilling time to construct on Ethereum.
Way forward for the EF
It has been vital for me, over the past yr, to current the position of the EF co-ED as impactful and fascinating, a place the place one could make a significant distinction by empowering individuals of extraordinary expertise and dedication, each on the EF and extra broadly within the Ethereum ecosystem.
We’ve managed to ship change on the EF quick; we’ve got nice expertise that learns shortly and has an awesome route for 2026. The co-ED place was extraordinarily rewarding, strategically difficult, and introduced me numerous pleasure and inspiration. The assist that I obtained from the group was large. I’m pleased with the present state of issues; the roadmap is clearer; the objectives are set; the leaders on the EF grew extra assured about making selections by themselves and proudly owning extra. Crucial objectives: accelerating decision-making, talking to youthful generations, bringing new pleasure to the builders’ group, speaking extra overtly on social media and podcasts, changing into extra open to establishments, supporting founders, organising treasury insurance policies, strengthening native hubs and communities, introducing compensation coverage, bringing extra readability to the L1–L2 relationship, creating extra inside and exterior transparency round budgets and construction have both been accomplished or are constantly enhancing. Individuals who delivered these adjustments proceed engaged on Ethereum. Increasingly individuals see ETH clearly as a retailer of worth. Among the adjustments can solely occur unexpectedly. Whereas my capacity to execute independently on the EF diminishes over time, my time on the group in 2026 would really feel increasingly more like simply staying round to cross the baton. The EF is in a wholesome state of a company that may stability long-term objectives and the necessity for change. The EF is exclusive, removed from boring, very resilient, and led by extremely smart individuals.
The start of 2026 makes me very excited concerning the position the EF can play in the way forward for Ethereum. Very quickly, we plan to launch a proposal for a merged LEAN Ethereum and core growth roadmap, highlighting the long-term path ahead for the Ethereum protocol that the EF Protocol staff believes in. It ought to present clear steering and a setup for coordination in 2026 and past. After delivering two community upgrades in 2025 and with the assist of coordination groups from the EF, core devs are effectively positioned to maintain delivery important enhancements on time.
We’ve a really clear quantum strategy, with the highest quantum safety researchers finalizing the specs and one of the best engineers engaged on implementations. Publish-quantum safety has a transparent place within the EF Protocol roadmap.
We’ve a devoted decentralized AI team delivering requirements, experiments, and options for the agentic economic system ([1], [2]).
We’ve the ecosystem growth EcoDev team specializing in the success of founders, establishments, and governments constructing on Ethereum. We’ve a devoted International Coverage Assist staff. We’re automating increasingly more of our efforts through the use of AI for coordination. Communication concerning the roadmaps, use instances, and functions is way clearer, with improbable work from the groups at ethereum.org and forkcast.org.
One of many main dialogue factors and challenges for the final yr was across the L1–L2 relationship. Vitalik’s recent posts search to supply extra readability concerning the state of affairs that has been noticed for a very long time. L2s lengthen or construct on high of Ethereum with varied safety and decentralization trade-offs. L2s select to construct their worth proposition by selecting between dangers and improved UX throughout parameters reminiscent of scaling, decentralization, historic state availability, privateness, and many others. We’ve created the Platform staff on the EF and introduced over 20 Ethereum L2s to debate the way forward for scaling, differentiation, and interoperability on the Network School. Groups constructing primarily based rollups, native rollups, and synchronous composability are beginning this yr with clearer visions and a extra targeted strategy. Lately, main Ethereum rollups have began increasingly more constantly overtaking all AltL1s within the stablecoin and TPS metrics, a development that I’m satisfied will proceed.
Whereas we turned extra open to functions and institutional area, we remained centered round cypherpunk values with teams like Vitalik’s Silviculture Society advising senior leaders on rising dangers and warning against false steps. With a sequence of tweets originally of 2026, Vitalik set a tone for respecting the significance of what’s fundamental to the EF’s existence. The work of PSE and Kohaku focuses these days on applied privacy. The Protocol staff dedicates extra effort than ever to safety and censorship resistance with FOCIL and the Trillion Dollar Security program.
I’m extraordinarily enthusiastic about Devcon Mumbai bringing the world’s blockchain thought leaders and founders to work collectively on Ethereum. The Indian group has deserved this occasion for years, and I’m very proud that the staff brings Devcon to India in 2026.
In 2026, the EF can be a lot better at talking to the brand new era of builders. The work of the brand new voices on the EF, and all of the proficient individuals working with founders and media behind the scenes exhibits the brand new power on the EF and it’ll maintain the group excited in 2026, particularly with the motion round agentic AI and Ethereum changing into its go-to belief infrastructure.
The Ethereum In every single place efforts already assist the hubs in San Francisco, Lagos, London, Berlin, and Hong Kong. The Educational Secretariat staff plans many new college occasions this yr; the pop-up cities thought maintains momentum and the scene will get higher and higher organized; new builders and long-term thought leaders meet and construct world wide.
Within the coming weeks, the DeFi coordination staff on the EF will publish a weblog submit with their plans and roadmap. I’m extraordinarily excited concerning the expertise that we delivered to the EF to assist with the DeFi coordination. There may very well be no higher individuals to assist us assist the DeFi ecosystem.
Hsiao-Wei stays and continues the trail. Bastian Aue takes on an expanded management position alongside Hsiao-Wei. No matter route they take, they are going to have the assist of one of the best expertise in crypto. Your entire EcoDev transformation on the builders, founders, and institutional facet was delivered to the EF by James Smith, who continues on his mission. Coverage assist and long-term work proceed below the good management of Bastian Aue and Tju Liang. Josh Stark has an distinctive expertise for executing operational adjustments quick and in addition led all the key communication adjustments on social media that occurred in 2025. Engineers and the researchers within the Protocol cluster work extra carefully collectively and confidently set roadmaps for the longer term and deal with the hardest technological challenges. The EF is the place the place issues transfer quick, and adjustments can occur inside days or perhaps weeks.
My future
My DMs keep open for all of you who want assist in connecting with individuals on the EF or discussing the imaginative and prescient and technique of Ethereum. I’ll stay accessible for the EF management, ought to they ever really feel they want recommendation (though I’m certain that as a rule I’ve obtained useful recommendation from them previously). I plan to at all times put strain on the Ethereum ecosystem to maneuver at tempo.
I’ll proceed touring and dealing with native communities and serving to companies construct on Ethereum. I plan to behave extra as a core dev, a hands-on product builder and amongst different issues, work on the agentic core growth and agentic governance. I really feel a lot the identical as I felt once I began Nethermind in 2017. I felt very strongly on the time {that a} large change was taking place. I knew that Ethereum was going to switch the monetary methods and I knew that I had an vital expertise within the monetary trade to make it extra of an evolution fairly than a revolution. I do know now that agentic methods and AI-assisted discovery are reshaping the world. I’m effectively conscious of the impermanence and even uselessness of among the agentic concepts, however it’s the playful experimentation that outlined a lot of the early Ethereum innovation.
I plan to proceed working straight with founders in frontier tech and Ethereum. I wish to see and assist the conclusion of the imaginative and prescient that I’ve talked about over the past years. It is without doubt one of the most enjoyable occasions to be a builder on Ethereum.
Thank You
It’s not possible to checklist everybody who helped me, the EF, and Ethereum in 2025. Throughout my time on the EF, I visited over 20 nations for work and spent a lot time with native communities. I met 1000’s of individuals: builders, financiers, educators, policymakers, creators, researchers, teachers. I beloved all of the phrases of assist, robust questions, and critique coming from you.
I’d like to wholeheartedly thank the EF board for taking the daring step of bringing me on to affix Hsiao-Wei as a co-ED. I want to thank Hsiao-Wei and the administration staff for shifting quick collectively. Large due to Bastian Aue, Josh Stark, and Tju Liang for bringing a lot emotional intelligence and facilitating considerate discussions when dealing with essentially the most tough issues. Thanks, Joe Schweitzer, for reviewing numerous podcasts and serving to us all attain a broad viewers when speaking about the way forward for Ethereum.
Big due to a whole bunch of Ethereum leaders reaching out to me in March and April 2025, telling me about each single factor that wanted consideration and sharing their views on what the EF technique ought to be. Thanks a lot; I’d by no means have discovered the best paths with out you.
Thanks to each single individual on the EF for executing in your beliefs and abilities.
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Tomasz
