Polkadot’s Founder Gavin Woods Resigns From His Position As The CEO Of Parity Technologies

• Gavin Woods, the founder of Kusama and Polkadot Blockchain, has resigned from his role as Parity’s CEO 
• Bjorn Wagner will now be the new CEO of Parity Technologies.

Per a Bloomberg report, Polkadot’s founder Gavin Woods has resigned from his position as the CEO of Parity Technologies, the firm that is responsible for developing the Kusama and Polkadot blockchain ecosystems.

Gavin Woods Steps Down As Parity’s CEO

Per a recent Bloomberg report, the CEO of Parity Technologies, Gavin Woods, will be stepping down from his role as the firm’s CEO. In a statement provided to Bloomberg, Woods stated that the role of CEO has never been “one which he has coveted.”

JUST IN: Polkadot $DOT founder Gavin Wood steps down as CEO.

“The role of the CEO has never been one which I have coveted(and this dates back long before Parity). I can act at being a CEO well enough for a short while, but it’s not where I am going to find eternal happiness. ” Woods told Bloomberg 

Furthermore, Woods will still be a majority shareholder in the firm. Per the report, Bjorn Wagner, the co-founder of the firm, will serve as the new CEO of Parity Technologies.

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Despite the ongoing market crunch, Parity has consistently been recruiting new staff. The firm had earlier hired Eran Barak as the company’s chief operating officer.

Before working on the Ethereum blockchain, Woods was a computer scientist at Microsoft. He later transitioned into cryptocurrency and co-founded Ethereum, the second-largest cryptocurrency by market cap. Later on, Woods also actively worked on developing Solidity, a programming language used in writing smart contracts.

Woods had founded Parity Technologies in 2015. The firm is responsible for building the Kusama and Polkadot blockchain ecosystems. Polkadot is a PoS consensus blockchain, which allows developers to create their own blockchains capable of communicating with other ledgers through a system of parachains.

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