New Development in Ethereum: Radical Changes Made, Three Main Goals Listed!
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The Ethereum Foundation, the organization behind the Ethereum (ETH) blockchain, has published a new blog post. In this blog post, the Ethereum Foundation announced its new management and board structure, aiming to separate the responsibilities of the management team and the board. Under the latest changes, the management team will be responsible for strategic and operational execution, while the board will serve as a security council and oversee compliance in Switzerland. The board will also elect executive directors and, if necessary, dismiss them. With the change, it was officially announced that Hsiao-Wei Wang and Tomasz K. Stańczak were appointed as co-executive directors of the foundation. In the new management team, Bastian Aue will focus on organizational strategy, recruiting and training, and leadership. As Co-Managing Directors alongside Josh Stark, Hsiao-Wei Wang and Tomasz K. Stańczak will focus on scaling the Ethereum mainnet and developing the ‘blob’ structure that stores transaction data, project execution, communications and marketing, and leadership. The board of directors also includes Ethereum Founder Vitalik Buterin, President Aya Miyaguchi, Swiss lawyer Patrick Storchenegger, and Hsiao-Wei Wang, who will act as a liaison between the board and management. Vitalik Buterin will continue to provide technical and intellectual guidance on the Ethereum ecosystem, President Miyaguchi will oversee the foundation’s vision and manage external relations, and Storchenegger will continue to handle legal and compliance matters. The Ethereum Foundation recently stated that the foundation has three main goals for the next 12 months. Accordingly, these are “scaling Ethereum layer 1, scaling blobs at layer 2, and improving the number and experience of ETH users.” https://x.com/ethereumfndn/status/1916883773649785113 *This is not investment advice. Continue Reading: New Development in Ethereum: Radical Changes Made, Three Main Goals Listed!
Source: BitcoinSistemi
