Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle

The Ethereum Foundation (EF), the non-profit enactment that supports the improvement and probe of the Ethereum blockchain, shared successful a blog post connected Saturday that they person selected Hsiao-Wei Wang and Tomasz Stańczak arsenic their caller co-executive directors.

The quality follows Tuesday’s announcement of Aya Miyaguchi leaving that relation to become the EF’s caller president. The leadership shake-up follows aggravated statement among the assemblage astir the EF’s relation successful the ecosystem, arsenic some person blamed the organization and its enactment for the blockchain’s token ether (ETH) terms lagging down different cryptocurrencies, portion the blockchain attracted for the archetypal clip little caller developers than its rival Solana.

Wang has been astatine the EF since 2017, wherever she helped bash research connected concepts like sharding, arsenic good arsenic contributed to Ethereum’s large overhaul known arsenic “the Merge.” Stańczak founded Nerthermind, 1 of the largest bundle oregon clients that run the Ethereum blockchain.

“Over the adjacent fewer years, the Ethereum ecosystem needs to navigate the challenging modulation from being an early-stage task serving a tiny fig of enthusiasts to being a robust permissionless censorship-resistant basal furniture of the planetary concern and bundle stack,” the Foundation said successful their blog post.

More shuffling

In summation to Wang and Stańczak assuming their caller roles, ex-EF researcher Danny Ryan shared that helium would beryllium joining Etherealize, the new task aimed astatine bringing ETH to Wall Street. The steadfast was founded by erstwhile banker Vivek Raman, who shared antecedently with CoinDesk that 1 of the goals of Etherealize is to span the spread betwixt Ethereum and the banks by educating institutions and selling ETH arsenic a superior crypto asset.

In a station shared connected X, Ryan said that helium intends “to physique a caller Ethereum instauration with Real World Ethereum arsenic its northbound star.”

“The satellite is acceptable to travel on-chain, and we’re present to bash the hard enactment indispensable to marque it happen,” Ryan added.

Read more: Ethereum Foundation’s Aya Miyaguchi Leaving Executive Director Role