In line with a recent official ‘web-blog post‘ published, the Ethereum Foundation has declared a three-pronged approach to allocating the $30 Mln it has designated for developing the ‘ETH‘ network over the next year.
The breakdown for the 3 categories is future upcoming projects at $19 Mln, current projects at around $8 Mln, and developer supports at $3 Mln. Most of the funding would go to Ethereum 2.0 projects together with client groups, research, documentation and communication, along with second layer projects like Plasma.
Plasma, that was primarily proposed by Vitalik Buterin and Joseph Poon earlier in 2017, is scaling answers for the network using autonomous smart contracts. Plasma can supposedly enable “ the blockchain to be able to represent a significant amount of decentralized financial apps globally,“ in line with the official ‘white-paper‘.
The Ethereum [ETH] Foundation 1st declared its $30 Mln budget at the ConsenSys’ Ethereal Summit on 10th May. Executive director named ‘Aya Miyaguchi’ then aforesaid that the foundation intends to bring academic involvement to ETH, that might supposedly attract top-tier researchers and developers and grants to academic groups & organizations.
As reported earlier, the Ethereum Foundation declared the “re-release” of its community web-site at the end of April, that purports to be a repository packed with community-created ‘ETH‘ content, like documentation and tutorials for employing Ethereum based tools.