Ethereum Foundation Grants Parity Technologies $5 Million

Ethereum Foundation Grants Parity Technologies $5 Million

On 7 January, Ethereum Foundation revealed a $5 million endowment to Parity Technologies to be used for the team’s development of developer tools, light clients, Casper, sharding, quality assurance, audits, and also for the enhancement of infrastructure

The grant will be handed to Parity Technologies in parts. The first will support the development completed by Parity. The next tranches will be delivered upon achieving breakthroughs in eWasm compatibility, the release of a light wallet, and successfully accomplishing the first two phases of sharding.

In the announcement, the foundation relays their dedication to provide funds to those who are building on the Ethereum infrastructure with goals of being scalable, usable, and secure. To be effective in deploying their resources, the foundation offers milestone-based grants proportional to a project’s potential.

Parity and Ethereum

In the technical field of the Ethereum project Parity Technologies, founded by Gavin Wood and Jutta Steiner, is among its foremost contributor. Since the time of their establishment, Parity, who provides an open-sourced platform, is a self-funded endeavor. Leadership in core development together with their Parity Ethereum made them vital in the Ethereum ecosystem.

Parity’s team was in Devcon4 where they introduced plans for implementing Serenity.

Parity and Zcash

Last October 2018, Zcash Foundation revealed their team-up with Parity. The purpose of the collaboration is for building an independent node implementation for Zcash miners and users.


249.08 USD


74.92 USD

Related news

Ethereum dips nearly 5% as cryptos fall slightly over the past day

How the Fab Five Fared Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -3.79% in aggregate. The best performer of the bunch was Litecoin, which went down 2.97%. In terms of the worst performer, that would be Ethereum, which reported a day-over-day return of -4.88%. None of the coins had up days, which indicates a wave of bearishness befell the sector as a whole. CoinDirect, Gate, Yobit, Stex, Binance, DDEX Key Technical Moves Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Technical traders may also wish to note the following developments in price action: If you’re looking for a coin in a solid uptrend, then there is some good news: in spite of it being a down day across the board, all the coins remain in an uptrend. So take your pick. 🙂 As such, for those who wish to ride the trend, this could be an opportunity to buy a dip. Insights from the Blockchains As has typically been the case for some time now, Ethereum recorded 798,155 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 36% over Ripple, which had the second most transactions recorded on its chain. Ethereum’s transaction fee is greater than Ripple’s transaction fee; in and of itself, this may imply consumers are opting for Ethereum in spite of its higher fees. Bitcoin Cash was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $100,385,120 US dollars. This is now the second day in a row that Bitcoin Cash, rather than Bitcoin itself, has been the chain reporting the largest transaction in the crypto space. This development may be something to continue monitoring. Article by SixJupiter The post Ethereum dips nearly 5% as cryptos fall slightly over the past day appeared first on Coin Insider.
Coin Insider

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 20

On the upside, if the price is sustained above the moving averages, the bulls are likely to retest the $260 and $280 resistance levels. However, if the bulls fail to break the resistance levels, the crypto’s price will fall back to the bearish zone. ETH /USD Medium-term Trend: Ranging Resistance Levels: $250, $260, $270 Support […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.