Decentralization Foundation
- Assets
- $27.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-1507845
Organization Overview
Decentralization Foundation is located in Santa Clara, CA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decentralization Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DECENTRALIZATION FOUNDATION SEEKS TO SUPPORT EDUCATION AND SCIENTIFIC RESEARCH ABOUT DECENTRALIZATION OF TECHNOLOGY AND TO ENCOURAGE PUBLIC DISCOURSE REGARDING DECENTRALIZATION THROUGH PROVIDING EDUCATIONAL TOOLS AND LEARNING OPPORTUNITIES ABOUT DECENTRALIZED TECHNOLOGY, BUILDING THE DECENTRALIZATION COMMUNITY TO ENCOURAGE PUBLIC AND INFORMED DISCOURSE ON DEVELOPING TECHNOLOGY, AND FUNDING RELEVANT SCIENTIFIC RESEARCH IN ORDER TO MAKE THE SCIENTIFIC INFORMATION PUBLICLY AVAILABLE.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION HIRED PROFESSOR TIM ROUGHGARDEN TO PREPARE THE SCIENTIFIC REPORT "TRANSACTION FEE MECHANISM DESIGN FOR THE ETHEREUM BLOCKCHAIN, AN ECONOMIC ANALYSIS OF EIP 1559". THE GOAL OF ETHEREUM IMPROVEMENT PROPOSAL EIP 1559 IS TO SMOOTH THE PRICE PAID FOR TRANSACTIONS ON THE ETHEREUM BLOCKCHAINS SUCH THAT THE PRICE PAID FOR SMART CONTRACTS IS MORE PREDICTABLE. WE BELIEVE THAT STABLE PRICES FOR SMART CONTRACTS ARE USEFUL, AND THAT THIS WORK WILL HELP GUIDE THE DEVELOPMENT OF OTHER, NON-ETHEREUM BLOCKCHAINS. NOT ONLY IS THE WORK DIRECTLY USEFUL, THE BASIC IDEA OF USING NEGATIVE FEEDBACK TO STABILIZE A PRICE IS A USEFUL ONE AND IS A GOOD IDEA TO PROMOTE AMONG THE CRYPTO TOKEN COMMUNITY. WE CONTRACTED WITH PROF ROUGHGARDEN TO SPEND 45 HOURS ENGAGING WITH THE COMMUNITY ON HIS RESEARCH AND RELATED TOPICS.
OTHER PROGRAM EXPENSES: SILICON VALLEY ETHEREUM MEETUP AND THE SACRAMENTO SMART CONTRACTS MEETUP.
THE FOUNDATION MADE A GRANT IN NOVEMBER 2020 TO SIGMA PRIME, AN AUSTRALIAN COMPANY FOR CONTINUED SCIENTIFIC RESEARCH AND DEVELOPMENT RELATED TO ETHEREUM 2, WHICH IS A LONG-PLANNED UPGRADE FOCUSING ON SCALABILITY AND PROOF-OF-STAKE. SIGMA PRIME WILL DELIVER A SCIENTIFIC REPORT THAT INCLUDES AN EDUCATIONAL SUMMARY AIMED AT A NON-TECHNICAL AUDIENCE. WE ANTICIPATE THAT THE SCIENTIFIC WORK AND SOFTWARE THAT SIGMA PRIME PRODUCES WILL BENEFIT THE ETHEREUM COMMUNITY AND THE BROADER ECOSYSTEM OF BLOCKCHAINS. SIGMA PRIME HAS IMPLEMENTED PHASE 0 OF ETHEREUM 2 IN THE LIGHTHOUSE CLIENT, WHICH IS A LEADING IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Peel President | 5 | $0 | |
Elaine Ou Board Member | 1 | $0 | |
Steve Waldman Treasurer-Secretary-Director | 2 | $0 | |
Jefferson Flowers Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $637 |
| Total expenses | $19,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,786 |
| Other assets | $0 |
| Total assets | $27,031 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,031 |