Parity Nabs $ 5 million Ethereum Foundation to finish eWASM, lightweight portfolios and sharding jobs

In fact, although Parity immediately receives part of those $ 5 million, the rest depends on its ability to continue to advance those projects, in particular, completing the compatibility with eWASM, offering a lightweight portfolio to be used on the Ethereum network and finalizing the phases of sharding 0 and 1.

Parity has already taken giant steps towards some of these. In November, he released an alpha from a lightweight portfolio, Parity Fether, which allows users to interact with the Ethereum network without running a complete node or relying on Infura.

As for eWASM (Ethereum flavored WebAssembly), which is expected to accelerate and improve network performance, Parity has incorporated it into the Parity Ethereum v2.0 client, released in July.

Sharding, meanwhile, has been a point of interest throughout the ecosystem. In short, it is a way to resize the Ethereum blockchain which consists of splitting the network into smaller parts so that each node does not have to process the entire transaction. Phase 0 involves the development of a proof-of-stake beacon chain. Phase 1 serves as a proof of concept, using sharding to bundle BLOBs without transactions and without the Ethereum virtual machine.

In addition to the main areas of scalability, usability and security, the Ethereum Foundation has also given substantial amounts in the last year to customer diversity categories ($ 1.15 million), hackternships ($ 75k), BUIDL ($ 50k ), and education ($ 35k).

Jeff Benson is Managing Editor of ETHNews. He worked as a writer and editor anywhere from Sudan to the Rhine. He earned a degree in politics from Willamette University and a master's degree in nationalism studies from the University of Edinburgh. When he is not in the editorial office, he trots the world and writes it. It has some value in ETH.

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