Vitalik Buterin, the creator of ethereum, has just donated $300,000 in cryptocurrency to three blockchain startups - apparently making the decision in response to a Twitter thread. The three projects receiving the 1,000 ETH grants are Prysmatic Labs, ChainSafe Systems and Sigma Prime.
All are projects working to build the blockchain network's next iteration, ethereum 2.0.
Sigma Prime is building an ethereum 2.0 client called Lighthouse, Prysmatic Labs is working on ethereum scalability and ChainSafe is also building an ethereum 2.0 client.
The move came in response to a twitter thread in which prominent members of the ethereum community discussed ways in which the technology might be improved, with some citing inadequate funding as a reason for slow development.
From Ryan Sean Adams, founder of crypto investment firm Mythos Capital, that cited "Tough love" comments from VC investor Fred Wilson, and wrote that ethereum is "Missing ship dates [and] are lacking basic operational leadership."
Ameen Solaimani, CEO at SpankChain, replied in the thread, stating that: "Ethereum has taken its lead for granted for too long. Needs increased focus and urgency on scalability to reclaim its narrative. Move fast or die slow."
A second grant was awarded to Sigma Prime, when co-founder Paul Hauner tweeted that his project has "Been knocked back for a couple of grants recently. We can certainly turn 1k ETH into more developers!" Buterin responded with another 1,000 ETH. The third donation went to Canada-based ChainSafe, after project lead Mikerah Quintyne-Collins tweeted.
Who describes himself on Twitter as a "Non-giver of Ether" in response to the many crypto scammers on the social media platform, also provided three.
Prysmatic Labs and Sigma Prime have previously received donations from Ethereum Foundation.
The current price of ether, ethereum's native cryptocurrency, is about $103 at press time, as per CoinDesk's price index.
Vitalik Just Gave $300K in Crypto to Three Ethereum Startups
Udgivet den Dec 19, 2018
by Coindesk | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.