Lido’s Control over 30% of Nodes to Challenge Ethereum Foundation? Founder Steps Forward to Clarify No Intention to Establish a Second Foundation
Recently, Konstantin Lomashuk, co-founder of the Ethereum staking protocol Lido, created a Twitter account called “Second Foundation.” Many believed that this was an indication of a rebellion within the Ethereum community, with the intention of establishing a second foundation for the Ethereum ecosystem, which would control 30% of the Ethereum nodes. However, Konstantin Lomashuk quickly clarified that the Twitter account was just a platform for discussion and that he did not actually intend to establish a foundation within the Ethereum ecosystem.
The Ethereum community has become divided following the success of Solana, and even Vitalik Buterin, the co-founder of Ethereum, has expressed the need for reform within the Ethereum Foundation. Recently, Ethereum core developer Eric Conner wrote a lengthy article reflecting on his initial experience with Ethereum and the lessons he has learned along the way. However, he ultimately stated that he is no longer associated with the “.eth” domain.
Rumors have been circulating that the co-founder of the Lido protocol has established a second foundation to rival the Ethereum Foundation. This may have been a catalyst for the growing mistrust within the community, with some even directing their criticism towards Ayako Kuchi, a director of the Ethereum Foundation.
In response to these rumors, Konstantin Lomashuk created the Twitter account “Second Foundation.” It seemed that he wanted to establish a second foundation within the Ethereum ecosystem to regain control. As Lido is the largest staking protocol on Ethereum, controlling nearly 30% of the Ethereum nodes, it is not unreasonable to consider the possibility of Konstantin Lomashuk establishing a foundation. However, he quickly clarified that he had no intention of establishing a foundation.
Konstantin Lomashuk acknowledged the seriousness of the situation and stated that the Twitter account was merely a post and not an actual establishment of a second foundation. He emphasized that Ethereum is a world computer, and every Ethereum user can contribute to its growth, development, and success. If a second foundation is necessary, it must have a clear goal to fill the gap left by current contributors. He expressed gratitude for the support and believed that more organizations are needed to contribute to Ethereum. He also mentioned that he would follow up with the idea after discussing it with those who have offered their help.
In fact, there have been voices criticizing Lido for controlling 30% of the nodes, seeing it as a symbol of centralization. However, Ethereum’s attitude has been to intervene as little as possible. Prior to the establishment of the second foundation, Konstantin Lomashuk retweeted a post by Vitalik, which stated that the future of the world’s computer is decentralized. It suggested that some organizations that people want to reform may not be the Ethereum Foundation itself, but rather ConsenSys or similar organizations. The Ethereum Foundation should not change its course midway.
In conclusion, Konstantin Lomashuk’s retweet seems to have declared his position in the political struggle within Ethereum, as it implies that the Ethereum Foundation does not prioritize commercial interests.
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