The ethereum movement, headed by flagship organizations like the Ethereum Foundation and the Brooklyn-based conglomerate ConsenSys, emerged from Blockchain Week 2019 with a common goal and a newfound sense of urgency.
In short, building ethereum 2.0 — the blockchain network’s ambitious reinvention plan — will require maturity.
“The only people left are those that want to be here and are working hard,” Ethereum Foundation consultant Eva Beylin said of the broader ethereum ecosystem. She spoke with CoinDesk at the ETH New York hackathon last weekend, where about 50 developers sat nearby coding and chatting with little fanfare.
Earlier in the week, the vibe was similar if certainly more flashy at the ConsenSys-organized Ethereal Summit in Brooklyn.
There, the Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk that relations with ConsenSys are getting “better,” despite lingering distrust between the nonprofit crowd and the for-profit venture headed by ethereum co-founder Joseph Lubin.
“We decided to outsource all the value-capture to ConsenSys,” Griffith said. “A lot of people in the foundation are wary of ConsenSys. But I think you can work with someone with a different view than you.”
Indeed, despite their divergent goals, the leaders of these two organizations arguably exert the most influence on ethereum’s development and usage. Based on CoinDesk’s conversations with 10 high-ranking people associated with ethereum’s top projects, this Blockchain Week may have been a turning point.
ConsenSys CMO Amanda Gutterman also told CoinDesk relations with the Ethereum Foundation are now better than ever, even as ConsenSys seeks to monetize some of the products and services the broader ecosystem relies on. This comes as the company emerges from a winter marked by layoffs and lingering doubts that its portfolio of startups can be spun out of the ConsenSys mothership.