Buterin to Give 3000 ETH to 3 Ethereum Startups

Twitter complaints from Prysmatic Labs, ChainSafe Systems and Sigma Prime brought a lot of money from creator of Ethereum
20 December 2018   675

Prysmatic Labs, ChainSafe Systems and Sigma Prime blockchain startups received unexpected donations of 1,000 ETH each (in total about $ 300,000) from the creator of Ethereum Vitalik Buterin. Thus, he supported the developers of the updated version of the Ethereum 2.0 ecosystem, complaining about the lack of funding, CoinDesk writes.

On the problems of startups Buterin learned from the Twitter thread. In particular, the co-founder of Prysmatic Labs, Preston Van Loon, who works on the scalability of the Ethereum network, said that he was not able to pay developers a full rate.

In response to this tweet, Vitalik Buterin sent 1000 ETH.

Also, thousands of ethers were received by Sigma Prime and ChainSafe, which are engaged in developing clients for Ethereum 2.0. So, co-founder of Sigma Prime, Paul Houner, attracted Buterin’s attention with a tweet about the refusal of “several grants.”

At the same time, the head of ChainSafe only said the phrase that he "literally drop out if we got $100k in ETH."

Ethereum Foundation to Allocate $30M on Key Projects

For example, $3 000 000 will be spend to attract developers
22 May 2019   83

The non-profit organization Ethereum Foundation, which promotes and supports the development of the Ethereum ecosystem, will allocate $ 30 million for the development of key projects. Of these, $ 19 million will go to the “ether of the future”, $ 8 million to support the “ether of the present”, and another $ 3 million to attract developers.

The priority direction of development is Ethereum 2.0, second-level solutions for network scaling like Plasma, as well as other studies related to the transition of the ecosystem to the Proof-Of-Stake consensus algorithm.

We've actually already had all the research breakthroughs we need for a full implementation of eth2. This has been the case for about a year now.

Vitalik Buterin

Creator, Ethereum

At the same time, the organization attaches great importance to maintaining the current version of the network, which provides security of assets worth billions of dollars and hundreds of running decentralized applications.

In addition, $ 3 million will be spent on training developers and their further involvement in the work on the protocol, as well as on holding a Devcon conference and supporting regional communities.

The Ethereum Foundation retains about 0.6% of the total Ethereum emissions, but over time it expects organizations like DAO Moloch to partially finance the development of the ecosystem.