The Ethereum Foundation announced a significant shock in its leadership ranks, appointment of two modern ones Executive directors who set off in a fresh strategic direction. Hsiao-Wei Wang and Tomasz Stańczak will jointly accept non-profit feet that the development of Ethereum replacing the only executive role that Aya Miyaguchi has previously fulfilled.

On the other hand, Miyaguchi, who was the executive director for seven years, passes the position of the President of the Foundation. This captivating change in leadership comes as the price of Ethereum is still decreasing In the direction of $ 2000.

Executive directors manage Ethereum Foundation

Recent Ethereum leaders bring a mixture of deep knowledge of the specialist industry protocol and experience. Hsiao-Wei Wang, a seven-year-old veteran of the Ethereum Foundation, was a key factor contributing to basic initiatives, such as the Beacon chain and Sharding Ethereum 2.0. She also gained respect as a community builder, organizing the events of Ethereum developers in Taiwan.

Meanwhile, Tomasz Stańczak is best known as the founder of Nethermind, one of the main customers of the Ethereum software, which has grown from a compact project into a global Blockchain infrastructure company. Stańczyk’s knowledge in the field of engineering and talent development will be expected to strengthen the technical teams of the Foundation, and is even in the process of giving way as the general director of Nethermind to focus on this modern role.

This leadership restructuring is a transition from earlier Ethereum configuration, in which decision making often focused on several characters such as Miyaguchi, and even the creator of Ethereum Vitalik Buterin. Buterin, who suggested that the changes were coming, she started to the social media platform x publicly congratulate Wang and Stańczak at their meetings.

In practice, modern directors are expected to double technical research and development (such as the improvements of scaling and modernization of protocols) and cultivate the programmers’ community, while maintaining Etos Ethereum on the Ethereum ethos without permission and the financial platform resistant to censorship.

Price action more bears than stubborn

Ethereum market results He was fully falling In recent weeks, which is an extension of its worse results in the current market cycle. After the forceful beginning of the year in which the price of ETH increased to around USD 3,700 at the beginning of January, the shoot has dropped over the last two months.

In particular, the lack of stubborn ETH rush was tightened by the Bitcoin price disaster last week, which influenced the Altcoin market. This decrease in the price of Ethereum is accompanied by a decrease in chain activity The sentiment reaches 12-month low.

Transactions at the end of February fell by about 15%, to about $ 12 billion a day, the lowest in two months, while the number of dynamic Ethereum addresses dropped by 10% in the same period.

At the time of writing this text, Ethereum trades for USD 2210 and is threatened Breaking below $ 2,200 this week.

A distinguished picture from Voi, TradingView chart