Gavin Wood quitte son poste de PDG au sein de Parity, la société derrière Polkadot (DOT)

Gavin Wood resigns as CEO of Parity, the company behind Polkadot (DOT)

Notably known for his role as co-founder of the Ethereum (ETH) blockchain, Gavin Wood announces that he is stepping down as CEO of Parity, the company behind the Polkadot (DOT) blockchain network. His succession will be ensured by Björn Wagner, also co-founder of Polkadot and Kusama (KSM).

Gavin Wood hands over the reins of Polkadot

Gavin Wood, co-founder of Polkadot (DOT)announced that he was leaving his position as CEO at Parity Technologies, the company that provides the infrastructure for the blockchain network.

Built around its native cryptocurrency, DOT, Polkadot is a protocol connecting multiple blockchains to form an interoperable architecture. To discover this ecosystem or better understand how it works, read our dedicated Polkadot page.

Furthermore, Polkadot now stands as a top project in our ecosystem, as DOT is the 11th most capitalized cryptocurrency in the marketjust behind Dogecoin (DOGE).

Gavin Wood is a major figure in the blockchain ecosystem, as he notably contributed to co-founding the Ethereum (ETH) blockchain and its technologies underlying before devoting himself entirely to Polkadot in 2015. He will be replaced as CEO by Björn Wagnerco-founder of Parity.

👉 Discover our guide to buy DOT, Polkadot’s cryptocurrency

cryptoast logo

The number 1 exchange in the world – Regulated in France

Binance

-10% discount on rates with the code SVULQ98B 🔥

toaster icon
Investing in cryptocurrencies is risky (more information)

However, Polkadot will maintain its roadmap

In a blog post, Gavin Wood explains that he is above it all” a thinker, a programmer, a designer and an architect instead of a CEO, a difficult role to play that, according to his feelings, poses too many barriers. In this regard, he explains the following:

“The CEO role was never one I coveted (and it goes back long before Parity). I can almost play the role of CEO for a short time, but that is not where I will find eternal happiness. »

Note, however, that it is will continue to lead the Polkadot ecosystem and that he will continue working for its good development as “ chief architect “. He also states that he has full confidence in his successor Björn Wagner:

“For me, that means fewer meetings and less time spent representing the company externally. I will remain the majority shareholder of the company and maintain a title consistent with my desired workload: Chief Architect. […] Fortunately, I am pleased to report that Björn Wagner, co-founder of Parity and founder of the Ecosystem Development division, has agreed to wear this hat for the future. »

This is the third outing noticed in our ecosystem, the news echoing the recent resignation of Brett Harrisonthe former CEO of the US branch of the FTX exchange, or even the departure of Jesse Powell, the CEO of Kraken.

The DOT price was not affected by the news, with a slight drop of 0.4% in 24 hours.

👉 In the news – JP Morgan is hiring at Celsius, even though its CEO calls crypto a Ponzi

Join experts and a premium community

PRO

Invest in your crypto knowledge for the next bull run

toaster icon

Source: Bloomberg

Image Source: TechCrunch via Flickr (CC BY-NC-ND 2.0)

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services related to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused by the use of a good or service highlighted in this article. Investments related to crypto assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

#Gavin #Wood #resigns #CEO #Parity #company #Polkadot #DOT

Leave a Comment

Your email address will not be published. Required fields are marked *