Ethereum Foundation shares future investment plans

Cryptomaniac
By May 11, 2019 21:30

viber imagацуацe 2019-04-21 11-min

The Ethereum Fondation Executive Director, Aya Miyaguchi, at the ConsentSys Summit, shared her investment plans for the next 12 months on March 10. According to her, the company plans to spend $ 30 million on various industry projects aimed at improving the performance and safety of Ethereum.

She notes that the key is the work on the current Ethereum 1.x operation verification (PoW) algorithm, general basic support and development, raising awareness of altcoins and developing relationships with attracting new talents to the field.

In addition, the fund also intends to rely on attracting academic participation in Ethereum, which is expected to lead to attracting scientists and developers of the highest level, as well as grants for academic teams and organizations.

The first person to support the Ethereum Fondation, according to Miyaguchi, may be the MolochDAO project. It should be noted that MolochDAO is an experimental decentralized system that seeks to provide funding for the Ethereum infrastructure.

Miyaguchi is also defiant that the next Ethereum Devcon, Devcon 5, will be held in Osaka, Japan from October 8 to 11.

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Cryptomaniac
By May 11, 2019 21:30