The Ethereum Foundation Announces New Co-Executive Directors
The Ethereum Foundation (EF), a non-profit organization dedicated to the research and development of the Ethereum blockchain, announced on Saturday that Hsiao-Wei Wang and Tomasz Stańczak have been selected as the new co-executive directors. This selection comes on the heels of Tuesday’s announcement that Aya Miyaguchi, the previous executive director, will now serve as the EF’s president.
Leadership Change Amidst Community Contention
The leadership overhaul follows a period of intense debate within the Ethereum community. Critics have pointed fingers at the EF and its leadership, blaming them for the lackluster performance of Ethereum’s native token, Ether (ETH), compared to other cryptocurrencies. Furthermore, the Ethereum blockchain has seen a decrease in the number of new developers, with competitor Solana attracting more newcomers.
Hsiao-Wei Wang and Tomasz Stańczak: A Closer Look
Wang joined the EF in 2017 and has contributed significantly to the Ethereum project. Her research on concepts such as sharding was instrumental in Ethereum’s major overhaul known as “the Merge.” On the other hand, Stańczak is the founder of Nethermind, one of the largest software or clients operating the Ethereum blockchain.
Shaking Up the Future of Ethereum
The EF stated in their blog post, “Over the next few years, the Ethereum ecosystem needs to navigate the challenging transition from being an early-stage project serving a small number of enthusiasts to being a robust permissionless censorship-resistant base layer of the global finance and software stack.”
More Shuffling in the Ethereum Landscape
Apart from the leadership reshuffle, former EF researcher Danny Ryan announced that he would be joining Etherealize, an enterprise aimed at bringing Ethereum to Wall Street. The firm, founded by ex-banker Vivek Raman, aims to bridge the gap between Ethereum and traditional banking institutions by promoting Ethereum as a serious contender in the crypto asset space.
source: Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle
