The Ethereum Foundation (EF), the non-profit organization that supports the development and search for Ethereum blockchain, shared on Saturday in a blog article that they selected Hsiao-Wei Wang and Tomasz Stańczak as new co-executive directors.
The news follows the announcement by Aya Miyaguchi on Tuesday, leaving this role to become the new president of the FE. The upheaval of leadership follows an intense debate among the community on the role of the EF in the ecosystem, because some have blamed the organization and its leadership for the price of the token ether of the blockchain (ETH) to the traffic of other cryptocurrencies, while the blockchain attracted for the first time less developers than its competitor.
Wang has been at EF since 2017, where she has helped do research on concepts such as the fragment, as well as the major revision of Ethereum known as “fusion”. Stańczak founded Nongethermind, one of the largest software or customers who operate the Ethereum blockchain.
“In the coming years, the Ethereum ecosystem must pass the difficult transition, from a project to an early stage at the service of a small number of enthusiasts to be a basic censure layer without authorization of the pile of finance and global software,” said the Foundation in their blog article.
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In addition to Wang and Stéains assume their new roles, former EF researcher Danny Ryan shared that he would join Etherealize, the new project to bring ETH to Wall Street. The company was founded by the former Banker Vivek Raman, who has already shared with Coindesk that one of the objectives of the etherealize is to fill the gap between Ethereum and the banks by educating institutions and in ETH marketing as a serious cryptographic asset.
In an article shared on X, Ryan said that he intended to “build a new Ethereum institution with real Ethereum like his northern star”.
“The world is ready to come to the head, and we are here to do the hard work necessary to get there,” added Ryan.
Read more: Aya Miyaguchi from the Ethereum Foundation leaving the role of executive director
