The Ethereum Foundation has announced its new leadership structure by introducing two new co-managers. Hsiao-Wei Wang, the lead researcher of the Ethereum Foundation, and Tomasz Stańczak, the CEO of Nethermind, one of the major Ethereum client implementations, are the new leaders of this foundation. These two will assume their roles starting from March 17th. These changes come at a challenging time for the Ethereum ecosystem as the price of Ethereum is striving to recover previous highs and concerns exist about the competition of layer 2 scalability solutions and new high-speed chains. Vitalik Buterin has also presented strategies to strengthen Ethereum. The Ethereum Foundation recently deposited 45,000 Ether in DeFi protocols and is enhancing its marketing activities and media presence.
