While the controversy revolves around the Ethereum (EF) Foundation this winter, one of the most respected architects in Ethereum has quietly traced its next movement. Danny Ryan – A key visionary behind the most ambitious upgrade of Ethereum, “The Merge” – from the EF in September, but entered the talks a few months later to join the organization as its new leader.
“I was in conversation with Vitalik [Buterin] And others to potentially come back to help manage the Ethereum Foundation, “Ryan revealed in a Candide interview with Coindesk. But as the non -profit organization behind the second blockchain suffered a dramatic leadership reshuffle, Ryan’s trajectory was unexpected elsewhere – to bring Ethereum to Wall Street.
Changes to the Ethereum Foundation occurred in the midst of growing community disorders. Critics blamed the foundation of their perception that Ethereum lost momentum for ascending rivals like Solana. The reshuffle included the displacement of Aya Miyaguchi, executive director of the Foundation since 2018, to the role of president.
Rather than Ryan taking the previous Miyaguchi post, the daily leadership of the Foundation was transferred to Hsiao-Wei Wang, EF researcher, and Tomasz Stańczak, the founder of the Nethermin client software from Ethereum.
The Ethereum Foundation, a Swiss non -profit organization, is the main organization supporting the development of the Ethereum blockchain ecosystem. He stimulates a treasure of ether (ETH) tokens of Ethereum, which he distributes through subsidies to ecosystem projects. He also affects a team of developers and researchers who play a key role in the coordination of updates and the training of the chain’s roadmap.
In January, while the reshuffle of FE leaders was underway, Ryan “ended up separating each other” with Buterin and the Foundation, he said. “Shortly after, I was presented in Vivek [Raman]“One of the founders of Etherealize, a new company aimed at bringing Ether (ETH) products to Wall Street. In March, Ryan announced that he would join Etherealize as a co-founder.
Ryan says he has moved because he thinks that Ethereum is at a technological inflection point: “Ethereum is much larger than the EF. It is not only a few changes to the EF that will bring or defeat Ethereum as a whole.”
According to Ryan, what the ecosystem needs more than ever is to put its technology in the hands of real users. “The only reason why things may be more existential at the moment than in the past is that the world is really ready to adopt these systems,” said Ryan. “It is existential that Ethereum – a really open, decentralized and without authorization platform – is the one that is adopted.”
From web3 to wall street
At Eherealalize, Ryan aims to link the Ethereum technical ecosystem with institutional finance. The company is developing financial products that will make Ethereum more accessible to traditional investors while maintaining the fundamental values of blockchain.
As a researcher at the EF, Ryan played a central role in the ambitious mapping of Ethereum of proof of work to proof of proof, known as the merger. He thinks that his close ties with one of the most influential organizations in Ethereum space will benefit his new work at Eherealize.
“Me coming on board, we manage to make this bidirectional bridge. I have a deep ethereum context – I helped build the protocol, “said Ryan. “I know all the people who work there. I know the challenges to accomplish and I understand how things could take place in the coming years. And so I can serve as an Ethereum bridge in the real world. »»
As for the role of Ryan, in particular, his responsibilities are not completely defined: “I would like the etherealize to assume the mandate to make a little opening [research and development]And be a player in layer 1 or layer-2 or layer of R&D application layer. But we are still in a way to find the field of the field there. “”
Industry observers note that Ryan’s decision arrives at a pivotal moment for the adoption of Ethereum and institutional cryptography. With a new regulatory environment for the crypto under the American president Donald Trump, traditional financial companies in the United States, in particular – should become more comfortable to adopt blockchain technology. Ryan hopes that his good technical faith could help these integrations to meet the rigorous standards of Wall Street without compromising the basic ideals of the crypto.
“We plan to bring the whole world to Ethereum as we can, and have a deep technical experience and an Ethereum understanding in a very fundamental way will help us do it,” said Ryan.
In advance for the Ethereum Foundation
Asked at the time of his departure from the EF in the midst of the growing criticism of the organization, Ryan offered a measured perspective. “A large part of what we have seen is only the dynamics of the market, whatever the fundamental value, the painting of people’s perspectives on things, and they sometimes look for someone to blame or put a finger,” he explained, referring to the volatility of ethn prices which sometimes has colored the public feeling on the project.
Ryan remains optimistic about changes in the foundation he once considered. “I am excited for new blood,” he said. “I have known Aya since January 2018; we have been working in close collaboration for years. I publicly said that I admire her leadership, and I think she has made a certain number of really important calls on how to manage the EF.”
He added that he was “excited for the two leaders” who were raised to replace Miyaguchi. “They have very technical history and an in -depth understanding of Ethereum, both positive and negative in terms of building the protocol.”
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