Saturday, January 23, 2021
Home Crypto News Market IOTA Founder David Sønstebø Leaves IOTA Foundation 

IOTA Founder David Sønstebø Leaves IOTA Foundation 

- Advertisement -

In today’s IOTA News, we discuss the departure of David Sønstebø from the Foundation. A press release from IOTA published on 10 December shows that the founding member Sønstebø probably has different interests and goals than the current management level.

Let’s take a look at what the press release says and what voices there are from the Community. 

Last week, we received news on the Twitter channel that David Sønstebø is leaving the IOTA Foundation.

The reasons and statements are exciting and can be read in Detail on the Iota Blog.

The blog says at the beginning that the IOTA Foundation has separated from Sønstebø, the separation takes place after a unanimous decision, which was made by the board of trustees and is in the best interest of IOTA and its ecosystem.

On the official website, the image, Position and Name of Sønstebø are removed from the team display.

From the blog post, it can be read that the decision was probably made due to internal differences of opinion. So it says it was a decision “that had to be made”.

Furthermore, it says: There were some examples where David’s actions did not match what the Foundation stands for and what it wants to be. Because of the concerned investors and Community, the Foundation primary goal is to protect the interests of the Community and that the Foundation is not afraid to make difficult decisions that protect and safeguard these interests.

At the end of the post, it is also stated that the Foundation is as strong as ever. The technical developments will go according to plan and are progressing well.

This changes absolutely nothing about the deployment and strategy of Chrysalis and Coordicide, and we see good progress.

The mood of the Community is different on this matter. There are both supporters of this decision, as well as critics that criticize management decisions.

Some Reddit users have a view that it’s good news because some founders can’t grow with the project. It looks as if IOTA is getting ready for Corporate companies, and this does not affect the technological aspect of Iota.

Other users expressed that they had already turned their back on the project a long time ago. CalculatedLuck a community member said” I left Iota some time ago because the leadership was weak. The communication of Sønstebø was extremely unprofessional.”

 

- Advertisement -
Jakkk
Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Indian Firm Tanla Partners With Microsoft To Launch Blockchain Enabled Communications Platform-As-A-Service, Wisely

Microsoft Corporation and the Indian company Tanla have launched a blockchain based communication platform for confidential and secure messaging. ...

Investors Are Excited As Grayscale Is Setting Filecoin, Chainlink, Mana, Tezos And Livepeer Trusts

Asset management company Grayscale Investments has filed documents for the creation of a number of new cryptocurrency trust. Currently, Grayscale is considered one of...

TRASTRA Review-Cryptocurrency Card For The Mass Market

Despite the rapid growth of various cryptocurrency projects in 2020, the issue of paying with crypto in daily life remains a challenge. Unfortunately, very few...

Fund Managers Survey By Bank Of America Shows Capital Inflows To Bitcoin Are Higher Than Tech Companies

A fund managers survey conducted by Bank of America showed that Bitcoin now receives more capital inflows compared to other investment assets.

The Bank Of France Has Tested A Central Bank Digital Currency For Interbank Payments

The Bank of France announced the successful completion of testing a central bank digital currency (CBDC) for interbank settlements using the Iznes platform based...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.