What's Hot

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      First Citizens to Buy Silicon Valley Bank

      News March 27, 2023
      Recent

      First Citizens to Buy Silicon Valley Bank

      March 27, 2023

      Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

      March 27, 2023

      Africa Moving to Crypto as Alternative to US Dollar

      March 27, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»Polkadot Co-Founder Gavin Woods Resigns as CEO of Parity Technologies
    News

    Polkadot Co-Founder Gavin Woods Resigns as CEO of Parity Technologies

    Anietie DavidBy Anietie DavidOctober 22, 2022Updated:October 22, 2022No Comments3 Mins Read
    Polkadot Co-Founder Gavin Wood Resigns as CEO of Parity Technologies
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Gavin Woods, co-founder of Polkadot resigns as CEO of Parity Technologies. Björn Wagner will now helm the company in his stead.

    Co-founder of Polkadot Gavin Wood is resigning from his position as CEO of blockchain infrastructure provider Parity Technologies. Wood admitted that he had no interest in becoming CEO in a statement made public on October 21. Although he could do so in the short term, he did not see himself in that role as one where he would have “eternal happiness”.

    Wood shared: “Anyone who has worked with me knowS where my heart lies. I’m a thinker, coder, designer, and architect. Like many such people, work best asynchronously.” He added: 

    “A good CEO needs to be available to others on a far more continuous basis. They need to enjoy representing the company, both internally and externally. They need to not be bothered by large swathes of their time becoming eaten up in meetings and calls with a plethora of multi-colored boxes on their calendar.”

    I’m happy to announce that Parity co-founder Björn Wagner will step up to the role of company CEO while I retain the title of Chief Architect. https://t.co/A85FeMGZGI

    — Gavin Wood (@gavofyork) October 21, 2022

    Gavin Woods Joins List of Crypto Execs Exiting 

    Wood said in his statement that Björn Wagner, another Parity co-founder, would take over as the company’s CEO. Wood also said that he would continue to maintain the majority of the company’s stock and assume the role of chief architect.

    Following a recent wave of well-known exits, Wood is the most recent crypto executive to go. Cameron and Tyler Winklevoss, co-founders of the Gemini Exchange, left their roles on the board of directors of Gemini Europe, according to a Gemini Europe filing dated last week.

    Jesse Powell, the previous CEO of the cryptocurrency exchange Kraken, left his position on September 21, 2022. In addition, on September 27, 2022, Alex Mashinsky, the previous CEO of Celsius Network, announced his resignation. 

    Gavin’s Impact on Ethereum Blockchain

    The British programmer Wood is best known for creating Ethereum and serving as its chief technology officer. Wood originally contacted Ethereum co-founder Vitalik Buterin to offer his C++ coding expertise in order to aid in the creation of Ethereum. Buterin claims that Wood also contributed to the development of Ethereum’s vision. Many of the modifications Wood made began as minor variations in vocabulary and emphasis.

    Ethereum changed under Wood from being a blockchain platform for smart contracts and programmable currency to a multifunctional “global computer.” In 2014, Wood put out the Solidity programming language, which is utilized for smart contracts.

    Following his work on Ethereum, Wood began developing a fresh concept that ultimately led to the creation of the heterogeneous multi-chain platform Polkadot. In 2016, while waiting for work to start on creating the sharding specifications for ETH 2.0, Wood created a simple sharded Ethereum. An ETH 2.0 shard has a similar architecture to Polkadots parachain. In October 2016, he finished a whitepaper that would later become known as the Polkadot Whitepaper.

    Parity Technologies later developed the Substrate framework, a skeleton blockchain to build a new blockchain, and Polkadot. 

    Ethereum Gavin Woods Polkadot
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHackers Breach Gate.io Twitter Account to Promote Phishing Scam
    Next Article The Fed and Global Macroeconomy
    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

    Related Posts

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    New Crypto Mining Bill in Russia Mandates Earnings Reports

    March 10, 2023

    India Pushes Anti-money Laundering Regulation for Crypto Transactions

    March 8, 2023

    Zambia Explore Crypto Regulatory Framework 

    February 20, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.