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 – Vitalik Non-giver of Ether – who replied to with “just sent 1000 eth. Yolo”.

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 he’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?

 


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We have recently launched our asset-backed lending product where you can earn interest on your BTC, ETH, TUSD and DAI. You also have the option to borrow DAI against Ethereum. You can sign up to the platform by clicking here: app.bankofhodlers.com/register.

 

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