Ethereum Foundation Unveils 'Lean Ethereum' Overhaul Amid Staff Reductions

The Ethereum Foundation has cut 54 positions, representing 20% of its workforce. Shortly after, co-founder Vitalik Buterin introduced 'Lean Ethereum,' a major network redesign aimed at simplifying the architecture by reducing code complexity and lowering validator requirements from 32 ETH to one. The initiative seeks to improve transaction speeds and layer-2 efficiency while addressing potential threats from quantum computing.