A recent report claiming that Konstantin Lomashuk, founder of Lido and P2P.org, has established a “Second Foundation” for Ethereum has been debunked. Lomashuk clarified via a tweet that no such foundation currently exists.
“The tweet was just a tweet – no actual second foundation has been created yet. Ethereum is the ultimate world computer, and every Etherean can help it grow, evolve, and succeed,” he stated. .
The tweet was just a tweet – no actual second foundation has been created yet. Ethereum is the ultimate world computer, and every Etherean can help it grow, evolve, and succeed.
If a second foundation ever does form, it must have a clear purpose that complements the enormous… https://t.co/lThO92MKh4— Konstantin Lomashuk cyber/acc (@Lomashuk) January 22, 2025
Lomashuk highlighted that if a Second Foundation were to emerge, it should have a clear purpose that complements Ethereum’s existing contributors. He also welcomed more organizations supporting Ethereum’s development but dismissed the current speculation as premature.
The controversy highlights Ethereum’s decentralized nature, where leadership remains distributed among developers, researchers, and community members rather than a single governing body. Lomashuk assured that he would provide further insights after discussing with those who reached out.
The Cointelegraph report has reignited discussions on Ethereum’s governance and ecosystem expansion. While Ethereum continues evolving, speculation around centralized leadership structures remains a sensitive topic within the crypto community.
For now, the Ethereum Foundation remains the network’s primary driving force, with no confirmed plans for a competing or complementary entity.
Ethereum Foundation’s Controversy
Vitalik Buterin’s plan to restructure the Ethereum Foundation (EF) have sparked discussion in the the crypto scene, as community and industry figures take turns offering their thoughts on the future of the Ethereum network.
One of the core Ethereum developer, Eric Conner has announced his departure from the Ethereum ecosystem. Eric has been a core Ethereum developer for over a decade, playing a pivotal role in shaping the platform’s DeFi ecosystem. One of his most significant contributions is co-authoring EIP-1559, a proposal that fundamentally restructured Ethereum’s transaction fee mechanism.
The changes in the leadership has also ignited controversies. Ethereum co-founder Vitalik Buterin responded to mounting online criticism of the Ethereum Foundation’s (EF) leadership, particularly its executive director, Aya Miyaguchi.
Also Read: Vitalik Defends Ethereum Foundation Leadership Amid Online HateE
Source: https://www.cryptonewsz.com/ethereum-2nd-foundation-lido-founder-denies/