Ethereum Foundation to Allocate $30M on Key Projects

For example, $3 000 000 will be spend to attract developers
22 May 2019   694

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.

Great Chinese Firewall to Block ETH Explorer

Looks like it's the first time that a blockchain observer (etherscan. io in this case) has become a target for Internet censorship in China
04 December 2019   103

The Great Chinese Firewall, used by the authorities to regulate access to foreign sites, blocked etherscan.io, one of the most popular services for viewing the statistics of the Ethereum network.

According to CoinDesk, as of early December, the portal is not accessible from IP addresses in mainland China. According to the service greatfire.org, blocking has been carried out at least since October 30.

Presumably this is the first time that a blockchain observer has become a target for Internet censorship in China.

This is another instance of friction between the decentralized and immutable technology of blockchain and the tightly controlled, centralized government of China. We should expect additional problems like these in the future as blockchain is integrated further into the Chinese economy and daily life.
 

Matthew Graham

CEO, Sino Global Capital

In his opinion, we should expect similar problems in the future, since the blockchain is increasingly being integrated into the Chinese economy.

It is not known exactly what caused etherscan.io to become blocked.

Last year, it was reported that users encoded censored articles in an Ethereum transaction and shared the hashes of these transactions in the WeChat messenger using etherscan.io.

Some have used this feature to post sensitive messages without the need to worry about the message being blocked or removed, or their identity being exposed. Anyone with a blockchain explorer like Etherscan can view these messages, so it is not surprising that this website has come in the crosshairs of internet censors.
 

Matthew Graham

CEO, Sino Global Capital

The founder of etherscan.io, Matthew Tan, confirmed that the site in China has been blocked "for the past three months." He could not name the exact date and reason for what happened.