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The Ethereum Foundation has announced a significant shake in its ranks of leadership, appointing two new ones Co-executive directors while undertaking a new strategic direction. Hsiao-Wei Wang and Tomasz Stańczak jointly take the helm of the non-profit that accompanies the development of Ethereum, replacing the only executive role previously held by Aya Miyaguchi.
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On the other hand, Miyaguchi, who was executive director for seven years, is moving on to the newly created position of the Foundation’s President. This interesting change in leadership comes as the price of Ethereum continues to undergo a decline towards the sign of $ 2,000.
The co-executive directors take the helm of the Ethereum Foundation
The new leaders of Ethereum bring a mixture of profound experience of protocol and experience in the sector. Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation search team, has contributed key to basic initiatives such as the Ethereum 2.0 Faro chain and Sharding research. He also gained respect as a community manufacturer by organizing Ethereum Developer events in Taiwan.
Tomasz Stańczak, meanwhile, is better known as the founder of Nethermind, one of the main Ethereum software customers, who grew up from a small project in a global blockchain infrastructure company. Stańczak experience in engineering and talent development should strengthen the foundation technical teams, and is even about to resign from Nethermind CEO to focus on this new role.
This renovation of the leadership is a transition from the first configuration of Ethereum, in which the decision -making process has often focused on some figures such as Miyaguchi and even the creator of Ethereum Vitalik Boterin. Boterin, who had hinted that the changes were coming, climbed on the social media platform X To congratulate publicly Wang and Stańczak on their appointments.
In practical terms, the new directors should double research and technical development (such as the reduction of improvements and the protocol updates) and feed the developer community, all while keeping the ethics of Ethereum of a financial platform without permission and censorship resistant intact.
Action of the most bearish price than bullish
Ethereum market performance It was in the middle of the decline In recent weeks, which is an extension of its submarine in the current market cycle. After a strong beginning of the year in which the ETH price went up to around $ 3,700 in early January, the momentum has been a drop in the last two months.
In particular, the lack of a bullish price of Eth was aggravated by the collapse of Bitcoin prices last week, which passed to the Altcoin market. This drop in Ethereum’s price was accompanied by a drop in chain activity and feeling that reaches a Bass of 12 months.
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The volumes of the transactions at the end of February dropped by about 15%, at around $ 12 billion per day, the lowest in two months, while the number of active addresses Ethereum decreased by 10% in the same period.
At the time of writing writing, Ethereum is exchanged at $ 2,210 and is at risk of Brack below $ 2,200 this week.
First floor image from you, TradingView chart