It’s been just revealed that Riccardo Spagni, lead maintainer of privacy coin Monero steps down, according to an official announcement.

The announcement is called “An update from the Core Team on some technical responsibilities.”

They continued and detail some changes in responsibilities that are currently taking place in the team.

The BlockCrypto reveals that he led the project since 2014 and will continue now as a backup maintainer according to an announcement that was made on Monday.

Spagni will be a backup maintainer

Another contributor, Snipa will be reportedly taking Spagni’s role.

Here’s how the official announcement sounds:

“fluffypony is stepping down as the lead maintainer of Monero. Snipa will be taking his place. fluffypony will continue as a backup maintainer to relieve Snipa during times when he is busy or on vacation. fluffypony has served the Monero project well over its five years of existence, and he will continue to remain active in the community as a maintainer.”

The online publication mentioned above noted that Spagni had once expressed his thoughts about quitting the project as the lead.

“I was the lead maintainer across all the projects, and at some point last year I was like: I can’t do this,” he reportedly told CoinDesk back in May 2018.

Back then, he reportedly added, “I will always be an advocate for privacy, and for monero, a part of the monero community, but my actual responsibilities by definition need to be reduced.”

Check out the official notes in order to learn the complete details of these changes.

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Monero in the crypto market

Regarding the price for the digital asset, today, XMR is trading in the green and the privacy-oriented coin is priced at $46.58 at the moment of writing this article.

The whole crypto market is struggling to recover after recent BTC falls, and despite the volatility, optimistic price-related predictions continue.

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