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Get Fast News Updates – Stay Ahead with USA Blogger > Blog > Politics > Ethereum Foundation shuffles leadership, splits board and management
Politics

Ethereum Foundation shuffles leadership, splits board and management

Sarah Johnson
Sarah Johnson
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The Ethereum Foundation, which supports the development of the Ethereum block chain, has reviewed its leadership structure to separate the responsibilities of its management team and the Board of Directors.

The Board will act as the “Security Council to protect the heart and soul” of the Foundation and establish visions for Ethereum, while the new management will focus on the strategic and operational execution of these visions, said the foundation in the publication of the blog of April 28.

It was added in a position of April 28 X that Hsiao-Wei Wang and Tomasz K. Stańczak were appointed executive directors on March 2 to comply with these visions, which focus on defending the resistance to censorship, privacy and security.

The Wang and Stańczak roles entered into force on April 28 with the Foundation establishing a period of two years for Stańczak to address some of Ethereum’s biggest challenges. Stańczak’s new role will be balanced with his work as the founder of the Ethereum Nethermind infrastructure firm and a risk capital firm of Ethereum that will soon adapt to Ethereum.

Fountain: Ethereum Foundation

Bastian Aue and Josh Stark are also part of the management team, with a place to focus on organizational strategy, hiring and training, and Stark will mainly be in charge of project execution, communications and marketing.

The Board consists of the Ethereum co -founder, Vitalik Butein, the president of the Ethereum Foundation, Aya Miyaguchi, the Swiss lawyer Patrick Storchenegger and Wang, who will join between the Board and the management team.

Related: ‘Vitalik: a story of Ethereum’ is less cryptography and more of human being

Buterin will continue to provide technical and intellectual orientation on the Ethereum ecosystem, Miyaguchi will supervise the vision of the foundation while managing external relations, and Storchenegger will continue to handle legal and compliance matters.

The Board was responsible for selecting Wang and Stańczak as executive directors, a decision they recognized was not conventional, and also have the power to finish the positions.

The Ethereum Foundation has adopted a more active role in the Ethereum ecosystem in recent months, after the criticisms of Synthetix, Kain Warwick, which the Foundation “does not matter” decentralized financial innovation.

Others in the community of Ethereum previously attributed the lack of commitment and leadership of the foundation to the low performance of Ether prices (ETH) in relation to Bitcoin (BTC) and Solana (Sol).

The main approach of Ethereum Foundation is climbing

The Foundation said that its three main focus areas in the next 12 months would be to climb the Ethereum 1 layer, scale Blobs at layer 2 and improve the user experience.

The researcher at the Ethereum Dankrad Feist and Protocol Gold Foundation has already launched proposals to address Ethereum’s scale problems at the Baseer Low proposals for the improvement of Ethereum-9678 and 9698.

Both EIP seek to raise the gas limit, which theoretically elevates the performance of Ethereum’s transaction with the same magnitude.

Magazine: Ethereum is destroying competition in the traditional tokenization career of $ 16.1T