• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 13, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Polkadot Co-Founder Gavin Wood Steps Down From CEO Role at Blockchain’s Builder

by Birupaksh Kaundilya
October 22, 2022
in Crypto, News, World
Reading Time: 2 mins read
0
Gavin Wood promised to personally contribute $5 million, if Ukraine gets DOT address

Image Source: Polkadot

TwitterWhatsappLinkedin

Gavin Wood, the co-founder of Polkadot and its canary organization Kusama, has moved to one side as President at Equality Innovations however remains its greater investor.

You might also like

OpenAI Delays Highly Anticipated Open Model Release Indefinitely for Enhanced Safety Testing

Apple Reportedly Prepares for Major Product Flurry in Spring 2026, Boosting Retail Trader Confidence

Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

 

Polkadot fellow benefactor Gavin Wood has left his situation as President of Equality Advances, the corporate element behind the Polkadot blockchain. Equality fellow benefactor Björn Wagner will accept the job of Chief.

 

In an explanation delivered today, Wood supported his choice by making sense of that he considers his demeanor unsatisfactory to the job of President in the long haul.

 

“The job of Chief has never been one which I have desired,” he composed. “I can act at being a Chief all around ok for a brief time, however it’s not where I will track down everlasting joy.”

 

“Anybody who has worked with me knows where my heart lies. I’m a mastermind, coder, creator and engineer,” Wood made sense of. “In the same way as other such individuals, I work best nonconcurrently; an extraordinary day is requiring 10 hours in a row to think out some issue, model something or breakdown a few different considerations into an article.”

 

Polkadot acquired fame somewhere in the range of 2020 and 2021 for its imaginative environment plan. As opposed to working on a solitary blockchain, Polkadot takes into consideration a few blockchains (called “parachains”) to work freely yet agreeably with each other by settling exchanges on a focal “hand-off chain.” Thusly, it is considered a sharded blockchain.

 

Wood was likewise a prime supporter of Ethereum, a connection that aided fuel the promotion around Polkadot.

 

Polkadot publicity converted into huge gains last year for anybody who had the fortitude to sell at its top in November. Notwithstanding, as the vast majority of the crypto market, it has endured emphatically in 2022. At its pinnacle last November, Speck exchanged as high as $54; that number, nonetheless, has decisively contracted more than 2022 to simply $5.84 today.

 

Wood joins an extensive rundown of crypto executives who have decided to pull back from their positions this year. Eminent Presidents in the crypto space who have surrendered in only the most recent couple of months incorporate enormous industry players, like Celsius Chief Alex Mashinsky, Kraken Chief Jesse Powell, and MicroStrategy’s Michael Saylor.

 

Tags: #Crypto#Gavin Wood
Tweet54SendShare15
Previous Post

Weekly Startup Funding Roundup (October 17 to 21)

Next Post

Hong Kong Is Planning To Permit Crypto Retail Investment Trading

Birupaksh Kaundilya

Recommended For You

OpenAI Delays Highly Anticipated Open Model Release Indefinitely for Enhanced Safety Testing

by Anochie Esther
July 13, 2025
0
OpenAI

OpenAI, the leading artificial intelligence research and deployment company, has announced an indefinite delay in the release of its much-anticipated open model. This marks the second postponement for...

Read more

Apple Reportedly Prepares for Major Product Flurry in Spring 2026, Boosting Retail Trader Confidence

by Anochie Esther
July 13, 2025
0
Apple

Apple Inc. (AAPL), a titan of the tech industry, is reportedly gearing up for an extensive series of new hardware launches in the first half of 2026. This...

Read more

Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

by Ishaan Negi
July 12, 2025
0
Google’s $2.4 Billion Windsurf Deal Heats Up AI Talent Wars

In a power move that signals escalating competition in the artificial intelligence sector, Google has secured a high-profile deal with coding AI startup Windsurf, paying a staggering $2.4...

Read more
Next Post
cryptocurrency in a file photo

Hong Kong Is Planning To Permit Crypto Retail Investment Trading

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?