The well-acknowledged researcher at the Ethereum Foundation, Danny Ryan, published a resignation post after significantly contributing to the Ethereum blockchain ecosystem for a long seven years.
Ryan played an important role in Ethereum’s change from proof-of-work into proof-of-stake, especially with “The Merge” that has made history in the change of consensus mechanisms on the blockchain. His departure has cast doubt over the future of ETH, but Ryan has made it known that he is leaving for personal reasons and not due to unhappiness with the project.
Ryan’s Departure: A Personal Decision, Not a Critique
Ryan announced this in a now-public post on GitHub, where he listed his reasons for leaving. He underlined that his decision did not mean he was criticizing Ethereum or the cryptocurrency industry in general.
Being at one of the many helms that is the complex ship of ETH is an all-consuming experience,” Ryan said. “While this has been one of the greatest experiences of my life, it’s time to step aside and make room for others.
He furthered that by saying he started off as “a random person from the internet” and found a meaningful place fairly quickly in ETH development. His resignation does not insinuate instability of any sort for the ETH protocol.
Ethereum’s Future in Good Hands
Ryan then appeased the Ethereum community by assuring them that the development of the protocol was in good hands. According to him, Ethereum Research and Development has very clear leadership structures across the teams that ensure that the project will do just fine without him.
“Although the protocol still has some work in store, the problems are solvable with a bit of time and effort,” added Ryan.
He has made continuous contributions, including the 2021 release of the Ethereum Beacon Chain and frequent updates about ETH Improvement Proposals, so that he has left an indelible mark on the project.
What Does It Mean for Ethereum?
While Ethereum remains the second-largest cryptocurrency by market capitalization, its native token, Ether, changed hands at $2,416 on September 13. Although Ryan is leaving, the momentum of Ethereum is still going strong due to its effective developer base and strong ecosystem.
Buterin Changes His Mind on Layer 2 Solutions
Ethereum co-founder Vitalik Buterin recently announced that he will henceforth – starting next year – support only those Layer 2 solutions that have passed their initial development phases. The shift, he argued, will make ETH scaling solutions – most of which today use “training wheels” – more secure and resilient.
Buterin’s transfer is considered in line with Ethereum’s development of cryptographic trust, relying less on human judgment. Later this year, several of the key milestones necessary should be achieved with several ZK-rollup projects. It is a key development necessary for ETH future, according to Buterin.
Recent ETH Sales Attributed to Buterin
In various reports, he has been linked to several ETH sales since August 30, to the tune of 950 ETH, which is approximately $2.28 million. These transactions are made in strategic, smaller batches by his wallet, housing 3,800 ETH. The most recent sale was that of 190 ETH, which got converted into $441,971 in USDC.
While anyone can only speculate over the grounds for such sales, Buterin has continued making public statements over discussing ways to make ETH ecosystem better.
