{"id":21877,"date":"2026-02-05T15:37:25","date_gmt":"2026-02-05T14:37:25","guid":{"rendered":"https:\/\/costops.com\/index.php\/2026\/02\/05\/how-cryptocurrencys-second-largest-coin-missed-out-on-the-industrys-boom\/"},"modified":"2026-02-05T15:37:25","modified_gmt":"2026-02-05T14:37:25","slug":"how-cryptocurrencys-second-largest-coin-missed-out-on-the-industrys-boom","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2026\/02\/05\/how-cryptocurrencys-second-largest-coin-missed-out-on-the-industrys-boom\/","title":{"rendered":"How cryptocurrency\u2019s second largest coin missed out on the industry\u2019s boom"},"content":{"rendered":"<p>A leaked pitch to reshape Ethereum\u2019s leadership exposed deep divisions over politics, power and ether\u2019s static price<\/p>\n<p>US <a href=\"https:\/\/www.theguardian.com\/technology\/cryptocurrencies\">crypto<\/a> developer Danny Ryan submitted a proposal in November 2024 to Vitalik Buterin, the founder and symbolic leader of Ethereum, a prominent <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/jan\/15\/will-blockchain-fulfil-its-democratic-promise-or-will-it-become-a-tool-of-big-tech\">blockchain<\/a> powering the world\u2019s second-largest cryptocurrency. Ryan, who had <a href=\"https:\/\/www.youtube.com\/watch?v=zvODqTUAPN0\">worked<\/a> for seven years at the Ethereum Foundation (EF), Ethereum\u2019s de facto governing body, suggested that Ethereum could be on the cusp of an era-defining shift.<\/p>\n<p>Since its founding in 2014, the foundation had prioritized technical upgrades and had avoided centralizing power while its user base was growing, but Ethereum had now grown up, and the cryptocurrency world around it had grown up, too. The EF could now \u201cexercise a stronger voice\u201d without compromising its ethos of decentralization, Ryan said \u2013 and he was open to leading that charge if appointed as the foundation\u2019s new executive director.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2026\/feb\/05\/cryptocurrency-ethereum-bitcoin-industry\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/2885032b8ddc5b414805bab1b60934ca4af4eec8\/292_0_2917_2334\/master\/2917.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=2b6813896c8a3979a848cb008d2bf39a\" title=\"How cryptocurrency\u2019s second largest coin missed out on the industry\u2019s boom\" \/>A leaked pitch to reshape Ethereum\u2019s leadership exposed deep divisions over politics, power and ether\u2019s static price<br \/>\nUS crypto developer Danny Ryan submitted a proposal in November 2024 to Vitalik Buterin, the founder and symbolic leader of Ethereum, a prominent blockchain powering the world\u2019s second-largest cryptocurrency. Ryan, who had worked for seven years at the Ethereum Foundation (EF), Ethereum\u2019s de facto governing body, suggested that Ethereum could be on the cusp of an era-defining shift.<br \/>\nSince its founding in 2014, the foundation had prioritized technical upgrades and had avoided centralizing power while its user base was growing, but Ethereum had now grown up, and the cryptocurrency world around it had grown up, too. The EF could now \u201cexercise a stronger voice\u201d without compromising its ethos of decentralization, Ryan said \u2013 and he was open to leading that charge if appointed as the foundation\u2019s new executive director. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leaked pitch to reshape Ethereum\u2019s leadership exposed deep divisions over politics, power and ether\u2019s static price US crypto developer Danny Ryan submitted a proposal in November 2024 to Vitalik Buterin, the founder and symbolic leader of Ethereum, a prominent blockchain powering the world\u2019s second-largest cryptocurrency. Ryan, who had worked for seven years at the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2026\/02\/05\/how-cryptocurrencys-second-largest-coin-missed-out-on-the-industrys-boom\/\"> <span class=\"screen-reader-text\">How cryptocurrency\u2019s second largest coin missed out on the industry\u2019s boom<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":21878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/21877"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=21877"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/21877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/21878"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=21877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=21877"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=21877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}