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In what is an interesting development, Chainlink has announced its support for the development of Ethereum infrastructure projects required through its participation in Gitcoin Grants Round 8.
Hopefully, this puts irrational discussions to bed $ ETH vs $ LINK in the future because it goes without saying, cryptography needs both projects to support each other to thrive.
– E (@erickneverson) November 27, 2020
Chainlink is a decentralized Oracle network that claims to solve many of the problems the Ethereum platform has struggled with in the past. Indeed, the two protocols were often pitted against each other by their respective followers. However, as one community member was quick to point out, this could change as Chainlink’s support for Ethereum development is a sign that it is time for such a debate to be silenced.
A statement released by the team behind Chainlink said,
“We remain committed to the continued growth of the Ethereum ecosystem, which is why we are taking part in Gitcoin Grants Round 8 as a matching partner to fund community-selected projects focused on improving Ethereum’s infrastructure.”
Furthermore, Chainlink described its support for Ethereum’s major infrastructure projects as a step towards the collective vision of Ethereum as a public good, openly accessible and capable of supporting increasingly advanced smart contract applications. The project also revealed that it will donate additional funds to Gitcoin Grants Round 8, in order to match individual donor contributions given to popular projects.
The open source development of the Ethereum infrastructure is critical to the growth and sustainability of the Ethereum ecosystem. In fact, Gitcoin’s quadratic financing model is considered by the most equitable mechanism making sure everyone in the Ethereum community has a say in the projects funded, regardless of the amount of capital given by each individual donor.
Currently, over 49,000 DAI and 1821 contributors are associated with the Gitcoin Grants Round 8 + Dev Fund.
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