Crypto Santa: Vitalik Buterin gives Ethereum grants via Twitter

Vitalik Buterin, Co-founder of Ethereum, donated 1,000 ETH each to three lucky startups, as a response to a Twitter thread. An early Christmas present?

The startups that have received grants are:

  1. Prysmatic Labs, a project dedicated to scaling Ethereum;
  2. ChainSafe Systems, a project offering blockchain solutions that are more accessible to the average user;
  3. Sigma Prime, a blockchain technology and cybersecurity project.

The projects were being discussed on a Twitter thread, where people were arguing that a key setback for them was the lack of funding. Enter Buterin via his own Twitter account โ€“ Vitalik Non-giver of Ether โ€“ who replied to with โ€œjust sent 1000 eth. Yoloโ€.

Prysmatic Labs, the first to receive Buterin’s grant, is creating the first implementation of sharding for the go-ethereum client, the most popular repository for the Ethereum protocol. Sharding, meanwhile, is a type of partitioning that separates very large blockchains (or any sort of database) into smaller, faster, more easily managed parts called shards. The project aims to allow the system to process transactions at 10 to 100 times faster than now, according to their website.

As of today, where Ethereum’s price is USD 110, the grants given to each of these projects come up to more than USD 110,000.

Buterin himself won a $100,000 fellowship grant earlier in his career, that paved the way for Ethereum. And heโ€™s bestowed a similar amount on the projects concerned, each of which are building for the Ethereum 2.0 platform.

Link to the original news article can be found here.

Is this Vitalik Buterin’s Christmas gift, or is he giving it out of goodwill?

 


About Bank Of Hodlers

Bank of Hodlers is building a customer-centric bank on the blockchain, by providing financial services which include loans and payments backed by your digital assets.

We are organizing a Bounty Program where you can earn up to 1700 BOH tokens (which will be equal to $340 at the time of our sale) by completing the most simplest of actions. The total allocation for the bounty is $1 million. Participate now and help us create an ecosystem where people will be able to bank on their digital assets.

 

crypto blog

Want to share your thoughts on this?

Up ↑

%d bloggers like this: