The genius creator of Ethereum has donated 3000 ETH worth over $300,000 to developers to focus on scaling solutions for Ethereum 2.0. He donated 1,000 ETH grants to three projects: Prysmatic Labs, ChainSafe Systems and Sigma Prime.
Prysmatic Labs is working on the sharding client for Ethereum 2.0 whereas Sigma Prime is working on an Ethereum 2.0 client named Lighthouse. Chainsafe systems are also focused on the research and development for Ethereum 2.0.
The conversation began when Ryan Sean Adams tweeted about a statement from Fred Wilson – co-founder of Union Square Ventures who criticized Ethereum for its lack of proper leadership and the supposed lack of progression in scaling solutions.
Preston from Prysmatic labs who also works for Google as a software engineer jumped to the Twitter thread to explain that due to a lack of funding his team is not able to focus full time on Ethereum research and development.
To which Vitalik Replied:
Paul Hauner co-founder of Sigma Prime was next to receive a 1000 ETH grant from Vitalik. Paul assured, “We can certainly turn 1k ETH into more developers! “.
The third grant went to Chain Safe whose project lead Mikerah tweeted “I will quite literally drop out if we got $100k in ETH.”
Mikerah Quintyne Collins, who is a project lead at Chain Safe is planning to drop out from University (University of Toronto) after receiving the grant from Vitalik to work full time on Ethereum 2.0. Collins told Blockmanity that there is an 80% chance that she will drop out of University.
The drop in the price of Ethereum has not been easy on many projects, many companies like Consensys, Spankchain, and Steemit have laid off many of its employees. Despite the price collapse, the developer interest in Blockchain has been increasing consistently with a lot of smart people from reputed companies quitting their jobs to go full time on Crypto.
This shows that the prices do not necessarily reflect the fundamentals of the technology which is stronger than ever.
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…