By Nermeen Nabil Khear 
Lido founder Konstantin Lomashuk’s “Second Foundation” idea has generated significant discussions.
Through this new idea, people talk about Ethereum’s leadership structures and the need for fresh ideas. By collaborating with Lido, the Ethereum community develops new ideas.
What is the “Second Foundation”?
Under his “Second Foundation” concept, Lomashuk wants to create a structure supporting the EF’s mission. This idea stems from ongoing debates about whether Vitalik Buterin’s EF is doing enough to drive innovation.
While the Ethereum Foundation focuses on scaling and improving Ethereum, critics say it is too centralized and resistant to external input. The “Second Foundation” could encourage more contributors and speed up Ethereum’s growth. However, Lomashuk clarified that no such entity exists yet, calling the post “just a tweet.” Still, many in the Ethereum community see it as a potential game-changer.
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
Why the debate?
Ethereum’s governance system receives criticism because it supports major DeFi activities and crypto projects. Many think the EF depends too much on Vitalik Buterin and should function as an open, group-based organization.
Lomashuk’s proposal received mixed reactions. Some believe this approach would bring fresh leaders to Ethereum. Yet others doubt it would create more centralization since Lido already leads Ethereum staking.
I think this is a great concept. I have many ideas.
However, if one of your purposes for this org is to tacitly support Lido’s original stated goal to run all of Ethereum staking or to inhibit the work being done on a potential endgame issuance reduction, then don’t start it.
— Ryan Berckmans ryanb.eth (@ryanberckmans) December 10, 2024
Lido manages a significant part of all Ethereum staking market activities. Speculators worry Lido and the “Second Foundation” share too many business goals. According to Lomashuk, Lido’s growth supports Ethereum’s decentralized network structure. The platform designs items to distribute ownership among its participants.
Vitalik’s Take
Vitalik Buterin actively participated in the talk about the platform. He wanted companies other than EF to receive equal opportunities to manage the system’s functions properly. He announced he would steer EF’s leadership decisions alone until the board is active. Buterin rejected pressure from social media campaigns. He believes they threaten Ethereum’s community and make developers less willing to help.
No. This is not how this game works.
The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a “proper board”, but until that happens it’s me.
If you “keep the pressure on”, then you are creating an environment that is…
— vitalik.eth (@VitalikButerin) January 21, 2025
What’s Next?
The “Second Foundation” idea gave power to discuss Ethereum’s future, but it remains a theoretical proposal. Konstantin Lomashuk’s proposals show how cooperation among Ethereum participants drives necessary innovation. Ethereum continues to grow as an evolving platform. Through its work and community involvement, Lido protects Ethereum’s ongoing success.
On your comment about Lido: I really believe it’s possible to build a true DAO that keeps Ethereum decentralized, censorship-resistant, and without introducing new downsides. That’s why Lido is planning to launch dual governance in Q1 2025, a solution that mitigates LDO… https://t.co/stuyQfRaVr
— Konstantin Lomashuk cyber/acc (@Lomashuk) December 10, 2024
Conclusion
Lido continues to lead Ethereum’s development. It does this by supporting decentralization and putting power under community control. If the “second foundation” becomes a reality, one thing is clear: Lido will continue steering Ethereum development toward better improvements.
Disclaimer
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The post Lido Founder Launches Ethereum’s “Second Foundation” appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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