The foundation has emphasized scalability in its most recent round of grants.
This Friday, August 17, the Ethereum Foundation revealed the recipients of its third wave of subsidies. Although funded projects range from the topic of safety to education, most of the program's grants have been allocated for scalability improvements. From the start of the first wave, at the start of 2018, almost $ 7 million went to scalability projects, accounting for 61.3% of the funding pool of the Ethereum Foundation.
StarkWare Industries received the largest grant of $ 4 million with 6,000 Ether to fund basic size benefits. The company will use these funds to develop "production quality software for functions and tools optimized for STARK-compatible hashish". StarkWare informally announced that it had received funding last month via Twitter .
STARK technology, which refers to zk-STARK, could theoretically scale Ethereum transparently. A zk-STARK is a concise zero-knowledge test to verify transactions on the Ethereum blockchain. This method of verification compares the zk-SNARK, another mathematical process based on privacy made popular by Zcash which is based on a third party that operates. Apparently STARK technology would circumvent this "trusted setup" model of zk-SNARKs.
Two other scalability projects have received smaller subsidies. The Magmo research team has won $ 300,000 to develop its force-move game framework, which is "a small status channel that can run third-party applications that conform to a simple state-machine interface." The team behind Ethereum Harmony (based on the implementation of EthereumJ) received $ 90,000 to further build the beacon chain and pursue a minimum of sharing.
The foundation noted that although scalability remains the focus of its grant program, it also seems to finance projects in other key zones. The third wave, for example, provided subsidies for security, usability and education. Some important winners:
1. As for security, the Kestrel Institute, a nonprofit IT research center in Stanford Research Park, received $ 400,000 to pursue the "formal verification of cryptographic primitives ", which are like the cryptographic operations atoms. .
2. Considering the usability, the DAppNode crew received $ 250,000 to pursue "full full node" adoption through the development of "a simple, easy, self-empowered system designed specifically for P2P client hosting [peer-to-peer] ". The project aims to move away from centralized systems and encourage users to control their nodes.
3. As for education, Cryptoeconomics.study – a free cryptoeconomy course led by the community led by Karl Floersch – was granted $ 35,000 to build his textbook and courses. The foundation also awarded a pair of $ 10,000 hackternships, 10 weeks of internships for students and professionals who contribute to the Ethereum side projects in their free time.
Respectively, security and usability include 16.8% (almost $ 2 million) and 21.2% (over $ 2.3 million) of the foundation's financial allocation. Education is the smallest slice of the cake at 0.7 percent.
In addition to the recipients of the award, the announcement presents the wish list of the organization for the next wave of grants. Some hot articles include further research and developments in STARK technology, implementations of "shasper" (a comfor sharper and Casper), a Solidity interpreter and an integrated development environment with a visual debugger.
Originally launched as DEVgranti in April 2015, the grant program was set up to help Ethereum developers work on their projects, extend the code base and increase scope for other development communities. and the public. Initially the DEVgrants targeted projects that required funding from $ 1,000 to $ 10,000. Although, as seen in the third wave, the amounts of subsidies have increased significantly with the evolution of the program.
Going forward, the Ethereum Foundation plans to create an official website for the scholarship program. The crew will collect ideas from the community and organize a competition. Moreover, although the grants have been historically awarded in waves, the foundation aims to distribute them on an ongoing basis so that it can offer more immediate financial support to projects that promote the development of Ethereum.
For at least the near future, the Ethereum team and others in space will be focused on developing and promoting scalability solutions. Between Plasma implementation efforts and the development of various sharding clients, scaling the network is the ultimate for Ethereum enthusiasts. As the founder of the network, Vitalik Buterin, tweeted at the end of April, "Sharding is coming."
Daniel Putney is a full-time writer for ETHNews. He holds a degree in English at the University of Nevada, in Reno, where he also studied journalism and queer theory. In his spare time, he writes poetry, plays the piano and dances on fictional characters. He lives with his partner, three dogs and two cats in the middle of nowhere, Nevada.
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