Ethereum Foundation leadership reshuffle baffles industry

Aya Miyaguchi is transitioning distant from her relation arsenic the Ethereum Foundation’s enforcement manager amid an ongoing enactment shakeup astatine the non-profit organisation.

In a Tuesday blog post Miyaguchi said she is starting a caller relation arsenic the organisation’s president, a determination she said she made a twelvemonth ago.

The announcement comes amid calls for a enactment overhaul arsenic Ethereum struggles to clasp its crushed against rival blockchains similar Solana.

Miyaguchi said she’ll “expand the scope of our vision” successful her caller post, but what that means is unclear. The non-profit organisation is tasked with backing the improvement of Ethereum-related technologies and isn’t intended to power oregon pb Ethereum.

While immoderate congratulated Miyaguchi connected her caller role, others said the announcement creates much questions than it answers.

Eric Connor, a erstwhile Ethereum halfway developer, said connected X: “No 1 knows what ‘president’ is. No 1 knows [what] the caller enactment operation is. No 1 knows who the caller enforcement manager is. [I] Guess we volition yet see.”

“I work this tweet, Vitalik’s tweet, and the blog station and I americium inactive confused,” Luke Xie, co-founder of restaking protocol SatLayer, said successful effect to Miyaguchi’s announcement connected X. “Will the caller enforcement manager study to her or?”

Others said that the connection astir Miyaguchi’s determination doesn’t adequately explicate what the day-to-day quality is betwixt her relation arsenic enforcement manager and president.

Calling for change

For weeks, salient figures successful the Ethereum assemblage person called for change astatine the Ethereum Foundation, accusing Miyaguchi and different leaders of being ineffectual and retired of interaction with the community.

“We are so presently successful the process of ample changes to EF enactment structure, which has been ongoing for adjacent to a year,” Ethereum co-founder Vitalik Buterin said successful a January X post.

Over the past year, Ethereum’s Ether token fell immoderate 18%, portion Solana’s token gained 37%.

Miyaguchi’s relation power leaves her erstwhile relation arsenic enforcement manager open.

“It’s not the benignant of determination you would bash unless you had a caller enforcement manager lined up,” Adam Cochran, an Ethereum investor, said connected X.

Danny Ryan, a researcher astatine the Ethereum Foundation, is simply a assemblage favourite to instrumentality implicit arsenic enforcement director.

In January, Ethereum users holding $159 cardinal worthy of Ether informally voted for Ryan to pb the Ethereum Foundation successful a canvass conducted by Fabrice Cheng, an engineering manager astatine Coinbase.

However, the determination for who volition regenerate Miyaguchi yet rests with Buterin.

“The idiosyncratic deciding the caller EF enactment squad is me,” the Ethereum co-founder said connected X successful January. “One of the goals of the ongoing betterment is to springiness the EF a ’proper board,’ but until that happens, it’s me.”

Ryan didn’t instantly respond to a petition for comment.

Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach retired with tips astatine tim@dlnews.com.