Best known for his role as co-founder of the Ethereum (ETH) blockchain, Gavin Wood announces that he will step 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 drops the reins of Polkadot
Polkadot (DOT) co-founder Gavin Woodannounced that he would be leaving his CEO position at Parity Technologies, the company that provides the infrastructure for the blockchain network.
Built around its native cryptocurrency, DOT, Polkadot is a protocol connect multiple blockchains to form an interoperable architecture. To discover this ecosystem or to better understand how it works, read our page dedicated to Polkadot.
Also, Polkadot is now one of the best projects in our ecosystem since then DOT is the 11th most capitalized cryptocurrency on the marketjust behind the Dogecoin (DOGE).
Gavin Wood is an important figure in the blockchain ecosystem, since he has in particular contributed to co-founding the Ethereum (ETH) blockchain and its technologies below before devoting himself entirely to Polkadot in 2015. He will be replaced as CEO by Björn Wagnerco-founder of Parità.
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However, Polkadot will keep his schedule
In a blog post, Gavin Wood explains that he is above all ” a thinker, a programmer, a designer and an architect rather than a CEO, a difficult role to fill which, according to his feelings, it places too many barriers. In this regard, he explains the following:
“The role of CEO was never one that I wanted (and goes back long before Parity). I can practically play the role of CEO for a short time, but that’s not where I’ll find eternal happiness. “
Note, however, that it will continue to lead the Polkadot ecosystem and that it will continue to work for its proper development as “ Chief Architect “He also claims to have complete confidence in his successor Björn Wagner:
“For me, this means fewer meetings and less time spent representing the company externally. I will remain the majority shareholder of the company and will retain a title commensurate with my desired workload: Chief Architect. […] Fortunately, I am happy 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 deviation detected in our ecosystem, the news echoes the recent resignation of Brett Harrisonthe former CEO of the American branch of the FTX exchange, or even the departure of Jesse Powell, the CEO of Kraken.
The DOT price was unaffected by the news, with a slight decrease of 0.4% in 24 hours.
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