Lido Founder Establishes “Second Foundation” for Ethereum: Is Community Taking Over Ethereum?

Lido Founder Establishes "Second Foundation" for Ethereum: Is Community Taking Over Ethereum?

Lido Founder Establishes "Second Foundation" for Ethereum: Is Community Taking Over Ethereum?

Due to the Ethereum Foundation’s failure to meet the expectations of the community and the radical remarks made by its founder, Vitalik Buterin, last night, a foundation called Second Foundation has quietly emerged. It is reported that this organization was created by Konstantin Lomashuk, the founder of Lido, with the goal of strengthening support for and development of the Ethereum ecosystem.

After the news was released, many people said that Ethereum has finally been “CTO (Community Take Over),” meaning that it has been taken over by the community.