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The Ethereum Foundation has announced an important upheaval in its leadership ranks, nominate Co-executive directors are embarking on a new strategic direction. HSIAO-Wei Wang and Tomasz Stańczak will jointly take the head of the non-profit association that Ethereum’s development, replacing the only executive role previously occupied by Aya Miyaguchi.
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On the other hand, Miyaguchi, who was executive director for seven years, goes to the newly created post of the president of the Foundation. This interesting change in leadership comes like the price of Ethereum continues to undergo a decrease To the $ 2,000 bar.
Co-executive directors take the head of the Ethereum Foundation
Ethereum’s new leaders provide a mixture of expertise in in -depth protocol and industry experience. Hsiao-wei Wang, a seven-year-old veteran of the Ethereum Foundation Research team, was a key contributor to basic initiatives such as the Ethereum 2.0 beacons and research on breaks. She also gained respect as a community manufacturer by organizing Ethereum developer events in Taiwan.
Tomasz Stańczak, on the other hand, is best known as the founder of Nethermind, one of the main software customers in Ethereum, which he went from a small project in a global blockchain infrastructure company. The expertise of Stańczak in engineering and the development of talents should strengthen the technical teams of the Foundation, and he is even resigning as CEO of Nethermind to focus on this new role.
This restructuring of leadership is a change in the anterior configuration of Ethereum, where decision -making was often centered on a few figures like Miyaguchi and even the creator of Ethereum Vitalik Buterin. Buterin, who had suggested that changes arrived, took the X social media platform publicly congratulate Wang and Stéains on their appointments.
In practical terms, new directors should double technical R&D (such as scaling and upgrading of the protocol) and feeding the developer community, while keeping Ethereum ethics of a financial platform without authorization and resistant to intact censorship.
More downward price action than bullish
Ethereum market performance was in full decline In recent weeks, which has been an extension of its underperformance in the current market cycle. After a solid start to the year when the price of the ETH increased to about $ 3,700 in early January, the momentum has been decreasing for two months.
In particular, the absence of ETH of a bullish price momentum was aggravated by the Krach of Bitcoin price during last week, which took place on the Altcoin market. This fall in the price of Ethereum was accompanied by a drop in chain activity and Feeling reaching a 12 months low.
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Transactions volumes at the end of February dropped by around 15%, to around $ 12 billion a day, the lowest in two months, while the number of Active Ethereum addresses dropped by 10% over the same period.
At the time of writing, Ethereum is negotiated at $ 2,210 and risk of Break below $ 2,200 this week.
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