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COINTURK NEWS > Ethereum (ETH) > Ethereum’s Leadership Faces Uncertainty as New Developments Emerge
Ethereum (ETH)

Ethereum’s Leadership Faces Uncertainty as New Developments Emerge

In Brief

  • Ethereum's governance faces potential challenges with a new foundation underway.

  • Lido Dao's founder initiates significant developments in the Ethereum ecosystem.

  • Market movements reflect volatility with recent price changes in LDO Coin and ETH.

Ömer Ergin
Ömer Ergin 4 months ago
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The cryptocurrency markets are experiencing intriguing days. BTC hovers around the 105,000 dollar mark, while ETH remains stagnant. However, signals indicate that significant changes may be on the horizon for Ethereum $2,520’s governance.

Contents
Is Ethereum Splitting?Implications of a New Foundation

Is Ethereum Splitting?

As this article was prepared, news emerged that Konstantin Lomashuk, founder of Lido Dao and P2PORG, has established a second foundation for Ethereum. Recent discussions surrounding the Ethereum Foundation have intensified with Vitalik Buterin signaling potential shifts in governance. Vitalik firmly stated that he holds primary authority within the Ethereum Foundation, countering some imposed demands.

Implications of a New Foundation

Now, the LDO founder is gearing up for a new Ethereum foundation. This development could be interpreted as a signal of a rift in Ethereum governance. Network development, hard forks, and more are currently managed by the Ethereum Foundation. If a second foundation, backed by the liquid stake platform LDO’s voting power, pushes its own network developments, the implications could be significant. Answers to these questions will emerge as both Konstantin and Vitalik Buterin clarify their positions following the official confirmation of the news.

At the time of writing, the price of LDO Coin has risen by approximately 7%. Meanwhile, ETH has decreased to 3,290 dollars.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 22 January, 2025 - 5:45 pm 22 January, 2025 - 5:45 pm
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