Fluffypony, the Master behind Monero Steps Down after 5 Years of Leadership

Riccardo Spagni, the lead maintainer of cryptocurrency Monero (XMR), has stepped down from his current position. Spagni, also known as Fluffypony, was the lead maintainer of the Monero project since 2014 when it first launched. According to an announcement, he will continue to be a part of the project but as a backup maintainer. ‘Snipa’, a steady contributor to Monero, will be the new leader of Monero. At present, it is unclear as to the reason for which Fluffypony has resigned though in the past he had expressed his thoughts on quitting the project, to quote, “I was the lead maintainer across all the projects, and at some point last year I was like: I can’t do this,’.

During an interview with Coindesk in May 2018, Spagni stated “I will always be an advocate for privacy, and Monero, a part of the Monero community, but my actual responsibilities by definition need to be reduced.” More specifically, Fluffypony’s other duties have also been delegated to other contributors, for example, approving announcement emails sent to members of the Monero community. Instead, he will be focusing on tasks such as engineering, administration, and server access.

Currently, Monero prices have dropped from $51 to $44 in these two days. 

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