The founder of Lido and P2P.org, Konstantin Lomashuk, has announced the creation of a "Second Foundation" for Ethereum. This comes amid a leadership transition within the Ethereum Foundation and concerns about the growing scam culture in the crypto industry. Lomashuk's intentions for the Second Foundation are not clear, but it seems it will promote decentralized ideals and counter the "bag-chasing" culture of modern crypto. The Ethereum community has expressed support for a focus on decentralization and the separation of R&D support functions from the Ethereum Foundation. Despite the challenges facing Ethereum, Lomashuk remains committed to the original vision of digital currency as a tool for building decentralized structures.



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