Ethereum’s Future at Risk? Vitalik Buterin Sparks Debate on Ethereum Foundation’s Future

Vitalik Buterin’s recent plans for the ethereum foundation ethereum foundation - info@ethereum.org Event Organiser have sparked heated debates across the crypto world. From his push for decentralized governance to Justin Sun’s bold claims of boosting ETH to $10,000, the future of Ethereum seems to be at a crossroads. Adding to the drama, key developers are leaving, and a rival foundation is emerging.

Vitalik’s Vision for Ethereum Foundation

Vitalik believes the Ethereum Foundation should avoid controlling every detail of the network. Instead, it should focus on supporting developers and encouraging new ideas to keep Ethereum strong and flexible. He explained that by spreading responsibilities, Ethereum can grow without depending on a single group or organization.

Vitalik also stressed the importance of improving Ethereum’s scalability, security, and user-friendliness. He believes these steps are essential for Ethereum’s success in the long run and to ensure the network remains a leader in decentralized finance.

Justin Sun’s Bold Proposals

Adding to the debate, Tron founder Justin Sun Justin Sun Justin Sun is a well-known figure in the cryptocurrency industry, an entrepreneur, and a former diplomat. He established the Tron blockchain DAO system and rose to prominence in the cryptocurrency space as a result of his work. As a diplomat, he represented Grenada permanently at the WTO in Geneva.   Quick Facts   Full Name Justin Sun Birth 30-07-1990 in Xining, Qinghai, China Nationality Chinese, Grenadian Education Peking University, University of Pennsylvania Marital Status Unmarried as of 2025 Net Worth $2B estimated   Additionally, Justin mentors BitTorrent, Animoca, Poloniex, and other blockchain projects. He was in the news recently due to the standoff with the US SEC charges, and a meal with Warren Buffett has made headlines.   Justin Sun - Career Highlights   2017: Founded TRON to revolutionize decentralized content sharing and blockchain scalability. 2018: Acquired BitTorrent to integrate decentralized file sharing into the TRON ecosystem. 2018: Launched TRON’s main net, offering a high-speed, scalable blockchain for digital assets. 2018: Achieved record-breaking TRX token sales, fueling mass crypto adoption globally. 2019: Forged strategic global partnerships to expand TRON's decentralized ecosystem. 2020: Advanced TRON’s role in decentralized finance (DeFi) with innovative blockchain projects. 2021: Earned media recognition in Forbes and Bloomberg as a visionary in the crypto space. 2022: Expanded TRON’s ecosystem with new DeFi, NFT, and Web3 initiatives. 2023: Pushed forward groundbreaking Web3 and NFT projects, cementing TRON's industry leadership.   In November 2024, Justin Sun contributed $30 million to World Liberty Financial (WLF), a cryptocurrency venture backed by the Trump family. He intervened when the project seemed to be having issues raising the money it needed, putting the Trump family at risk of receiving a payoff. EntrepreneurInvestorCrypto and Blockchain ExpertChief Executive Officer expressed his thoughts on Ethereum’s future. Sun suggested that if he controlled the Ethereum Foundation, he could drive ETH to $10,000 by leveraging strategies such as staking rewards, stablecoin borrowing, and lending through platforms like AAVE.

Sun also proposed introducing taxes on Layer 2 projects built on Ethereum, which he said could bring in $5 billion each year. 

While some people agreed with his ideas, others worried that these changes might harm Ethereum’s decentralized nature.

Emergence of the “Second Foundation”

Konstantin Lomashuk, co-founder of Lido and P2P.org, has reportedly established a “Second Foundation” to support Ethereum’s development further. Backed by Lido’s voting power, this initiative could challenge the Ethereum Foundation’s current role in managing the network.

The creation of this second foundation has led to speculation about disagreements within Ethereum’s leadership. It also shows how different groups are trying to shape the network’s future in their way.

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Developers Leave Amid Concerns

Some key developers have recently left Ethereum, pointing to possible frustrations within the ecosystem. Eric Conner, a core Ethereum developer, announced his departure, saying he no longer felt aligned with the leadership. 

Similarly, Danny Ryan, a former Ethereum Foundation member, stepped down last year, citing health reasons after working intensely for years.