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Home»ETHEREUM NEWS»‘Second Foundation’ account sparks debate over Ethereum Foundation’s future
ETHEREUM NEWS

‘Second Foundation’ account sparks debate over Ethereum Foundation’s future

By Crypto FlexsJanuary 23, 20253 Mins Read
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‘Second Foundation’ account sparks debate over Ethereum Foundation’s future
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Lido founder Konstantin Lomashuk shared an

However, Lomashuk said no such group has been created and he would soon share his thoughts on the EF case.

This development comes after Ethereum co-founder Vitalik Buterin said in a post on January 21 that the future of blockchain is decentralized and EF is just a part of that. He added:

“EF should not take the ‘middle curve’, but confidently express the aspects of Ethereum that it can effectively express, and intentionally create and foster an open space for other organizations to represent different aspects of Ethereum. . Some of these other aspects might make more sense in a for-profit format.”

Additionally, buterin answered the phone For changes at EF, including rejecting calls for Executive Director Aya Miyaguchi to resign over the foundation’s recent sale of ETH to cover costs incurred by fostering the ecosystem.

Critics argued that options such as staking and lower trading volume would have been more effective decisions.

Buterin also criticized social media pressure campaigns from figures such as CoinMamba, Tetranode and Evan Van Ness, highlighting the damage these campaigns are having on Ethereum’s culture and talent retention. I did it.

Lastly, Buterin acknowledged the need for personnel changes but did not suggest immediate changes. He also acknowledged that the decision about the EF leadership role rests with him.

The community supports diversification.

Matthew Sigel, head of digital asset research at VanEck stated There is no reason for EF to be the only entity responsible for the future of Ethereum.

Mantle Supporter DeFi Maestro said Creating a “second foundation” takes EF excitement to “a whole new level,” he says. He also acknowledged the possibility of another hard fork similar to the event that created the Ethereum Classic protocol.

Despite confirming that he is not the founder of Second Foundation, Lomashuk has received support from his peers to lead the Ethereum-focused company.

Gabriel Shapiro, founder of MetaLeX Labs called The Lido founder is “one of the most honest founders/investors in the space” and a long-time ETH holder. He added that the Lomashuk-backed company driving the development of the Ethereum ecosystem would be “immeasurably optimistic.”

José Maria Macedo, co-founder of Delphi Labs mention He said he doesn’t see a “more effective leader” for another Ethereum-focused foundation than Lomashuk. He added:

“If Vitalik is a prophet, then Konstantin is a prince. A strategic thinker/visionary who deeply understands cryptocurrency and continuously implements it. Additionally, world-class talent continues to gather around him.”

Meanwhile, Stani Kulechov, founder of Avara Labs. urge “A better, faster, stronger EF path with narrower range.” He said there should be less concern about “internal politics or neutrality” and efforts should be made to advance technology as quickly as possible.

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