The important development for Ethereum: Chairman of Ethereum Foundation replaced

Aya Miyaguchi has been appointed as the new executive director of the Ethereum Foundation, marking a leadership transition amid increasing public scrutiny. Miyaguchi expressed a commitment to promote Ethereum's unique culture and act as a bridge between Ethereum and the global community. This move comes after weeks of criticism from some Ethereum community members regarding the leadership and transparency of the platform. Addressing these concerns, Miyaguchi described Ethereum's decentralized nature as both a challenge and a strength. “Over the past few weeks has shed light on something profound about ETH; it becomes most apparent in moments of tension, when debates erupt about the network's performance or the market value of ETH,” Miyaguchi wrote. “Groups and individuals worldwide speak of Ethereum as if it were their own, but our greatest strength lies precisely in this tension: Ethereum belongs to everyone precisely because it belongs to no one”. ETH co-founder Vitalik Buterin revealed on Platform X that Miyaguchi first proposed to resign from the CEO position to become chairman a year ago. After playing a key role in the fund's development for seven years as CEO, Miyaguchi will continue to support the fund's initiatives in his new position. Buterin also noted that the ETH Foundation is currently reviewing its leadership structure and will soon provide further updates. The Ethereum Foundation has faced criticism for its lack of transparency and complex organizational structure, but Buterin has promoted greater community involvement.