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.


136.78 USD


57.88 USD

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Ethereum [ETH] core dev clarifies acceptance of ProgPow in future hard forks

Programmatic Proof-of-Work [ProgPow] has been one of the most talked-about updates in the Ethereum community. Its implementation proposal saw the support of a majority of the Ethereum community, with some expecting it to go live in the Istanbul hard fork and others claiming that it would have its own small hard fork. In a Reddit post on the Ethereum subreddit, Hudson Jameson, one of the core devs of Ethereum Foundation, spoke about the future of ProgPow, whether it would go live in a hard fork, and most importantly if it would go live or not. He said: “Back when we were deciding the issuance reduction at the end of 2018, ProgPoW was brought up a lot. Some considered it a ‘bargaining chip’ for miners to accept the issuance reduction. Some miners believe that it was agreed upon that we would put ProgPoW in a hard fork in exchange for an issuance reduction.” This was followed by Hudson stating that during the end of 2018, the core devs decided to “investigate ProgPow to the fullest extent” and that there were “no promises” made in terms of its implementation. Further, he stated that even on January 4, 2019, at the core devs meeting, the decision to tentatively go ahead with ProgPow was made after he asked for consensus amongst team members on whether they had any opposition with it. However, no one responded to the question. Hudson said: “It’s sort of like accepting a proposal by silence. To be clear, there were some core devs who were in favor of ProgPoW and had been for a long time so there was no need to reiterate their support at that moment. We were only looking for dissenting opinions and otherwise we would go forward with it.” Source: Reddit This was followed by Hudson stating that the Ethereum Cat Herders were working on finding the “appropriate auditor and rising funds” for ProgPow audit, adding that the complete details pertaining to this would be released next week. He added, “In summary, a decision was made to move forward with ProgPoW, but no timeline was given as to when it would be activated in a hard fork. It may be activated in its own fork or with Istanbul. If an issue is found by the ProgPoW audit, we may not go forward with implementing and activating ProgPoW.” Source: Reddit The post Ethereum [ETH] core dev clarifies acceptance of ProgPow in future hard forks appeared first on AMBCrypto.

Vitalik: I’ll lose Hope in Humanity if Tron Usurps Ethereum

Ethereum price stable above $135 Tron not a worthy competitor Participation dries as prices drop Vitalik is confident, and while he doesn’t see Polkadot as a competitor, he will lose a certain amount of faith in humanity if Tron surpasses Ethereum in market cap or development. At the time of press, Ethereum (ETH) is flat with unfavorable candlestick patterns. Ethereum Price Analysis Fundamentals Vitalik is candid. He acknowledges that there the smart contracting scene is heating up and Ethereum may have slipped, dropping ranks. He’s unfazed and confident that despite everything, he’s not worried. He’s especially not losing sleep over emerging blockchains like Polkadot.  Polkadot raised millions of dollars and claimed to employ a “heterogeneous Multi-chain technology” ensuring that “transactions can be spread out across the chains, allowing many more to be processed in the same time.” Even so, Afri Schoedon—a former Ethereum developer who left the project in a huff, acknowledged that “Polkadot is not a direct competitor to Ethereum and chains like Ethereum were always an integral part of the Polkadot vision.” However, what shall pulverize Vitalik’s heart making him lose “certain amount of hope for humanity” is if Tron usurps Ethereum. In the same interview with Laura Shin, he said he’s confident that his platform isn’t violating securities law and ICOs will continue to roll out regardless of crowd-funding platform. Candlestick Arrangement At the time of writing, it is clear that Ethereum prices are cooling off. Perched at second place, ETH is stable but under pressure after Mar 21 liquidations. Even so, we are optimistic, expecting prices to find support at $135. After then, prices will likely spring to $150 and later $170. Before then, it all depends on how prices react at our support line confirming or nullifying gains of Mar 5. In the latter, that will usher in bears of Feb 24. In that case, ETH would likely drop to $100 in line with our last ETH/USD trade plan. Technical Indicators Mar 4-5 double bar bull reversal pattern founds our bullish over-view. Affirming bulls will be a sharp spike above $150 or $170 with accompanying volumes exceeding 302k and even 880k of Feb 24. Such a shift in momentum reverses losses of Feb 24, and the resulting breakout will trigger a rally towards $250 cementing our stance. On the other hand, any sell-off with equally high volumes pours cold water on our forecast nullifying our position as ETH crumbles to $100. Chart courtesy of Trading View Vitalik: I’ll lose Hope in Humanity if Tron Usurps Ethereum was last modified: March 23rd, 2019 by Dalmas NgetichThe post Vitalik: I’ll lose Hope in Humanity if Tron Usurps Ethereum appeared first on NewsBTC.

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