The Ethereum foundation has revamped their leadership in order to better separate the management and board duties.
It is important to note that the word “you” means “you”. announcement A blog post on Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. The new management team will include Bastian Aue, Josh Stark and other members of the executive board with a focus on organizational strategy and projects execution.
The management will be responsible for the day-to-day operation and execution of the strategic plan, while the Board will set the vision long-term and ensure compliance.
There are four board members. Vitalik Buterin (Ethereum’s)ETHThe co-founder of the company will be offering “technical and intellectual guidance” The ecosystem. Aya M. Miyaguchi. presidentThe Foundation will be able to shape its vision for the future and maintain key relationships with external parties. Patrick Storchenegger will ensure that the Foundation is compliant with Swiss laws as a Swiss not-for-profit.
Wang will serve as a link between the decisions of the board and day-to-day operations. The board will act as an “security council” The Foundation must protect Ethereum’s core values while ensuring that its operations are in keeping with the Foundation’s decentralized mission. It also has the right to remove or appoint executive directors, if necessary.
Wang and Stańczak shared that their top priorities for the next year include scaling Ethereum layer-1: improving the connections between layers-1 and 2 networks and making it easier for developers and users to use.
Also, they reaffirmed their commitments to open-source, privacy, security and censorship resistance. Stańczak will serve a two-year term while continuing his work with Nethermind and a soon-to-be-launched Ethereum-focused venture fund.
Leadership changes are a result of calls Some Ethereum members have called for the Foundation’s role to be expanded, especially in areas like decentralized financial services. The Foundation says it will continue to serve as an steward for the Ethereum ecosystem and support growth, without becoming a central authority.
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Source: crypto.news
