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.
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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.
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