The project is called
the Ethereum Community Fund (ECF) and it will be supported by OmiseGo, Cosmos, Golem,...
Also, it is one of the many ethereum - based projects that have come together to establish
the Ethereum Community Fund (ECF).
The project that is being called
the Ethereum Community Fund is set to fund projects that are promising and can further widen the space of Ethereum with up to a $ 100 million in fiat currency of funds.
Read more in: Blockchain & Digital Currency Tagged ethereum,
ethereum community fund, vitalik buterin
The Ethereum Community Fund will pay monetary grants to promising projects based on the Ethereum platform.
The Ethereum Community Fund (ECF) was launched this week backed by some of the biggest names in Blockchain and crypto startups.
What do you make of this new of
the Ethereum Community Fund?
The Ethereum Community Fund (ECF) is a massive collaboration between major Ethereum stakeholders with the goal of helping to fund projects built on the Ethereum blockchain.
No official or executive of any of these partnering firms / projects have made public or official statements with regards to the project yet, however some information has been given on
the Ethereum Community Fund (ECF) website.
The Ethereum Community Fund (ECF), a new initiative from early protocol supporters has launched.
Three weeks ago,
the Ethereum Community Fund (ECF) was announced.
Several large Ethereum - based projects have come together to create
the Ethereum Community Fund (EFC), a vehicle to connect and fund the growth of Ethereum (ETH) infrastructure, according to the EFC website.
Exciting moment has been started with #ECF (
Ethereum Community Fund).
On Feb. 16, six large - scale Blockchain projects OmiseGo, Cosmos, Golem, Maker and Raiden, that have completed successful multi-million dollar initial coin offerings (ICOs) last year, along with Japanese venture capital firm Global Brain have created
the Ethereum Community Fund (ECF), to fund projects and businesses within the Ethereum ecosystem.
Called
the Ethereum Community Fund (ECF), the effort is the result of a collaboration between Cosmos, Golem, Global Brain Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint, with those involved agreeing to work to connect ethereum projects with companies that could benefit from the blockchain services they offer.
Ethereum has just announced
its Ethereum Community Fund (ECF) grant program, an initiative launched by a collection of major players in the Ethereum world that is designed to accelerate the development of blockchain infrastructure apps...
And recently, of course, we have seen the launch of
the Ethereum Community Fund (ECF).
Ethereum has just announced
its Ethereum Community Fund (ECF) grant program, an initiative launched by a collection of major players in the Ethereum world that is designed to accelerate the development of blockchain infrastructure apps and services.
The vehicle — called
the Ethereum Community Fund — will be supported by crypto projects Omise Go, Cosmos, Golem, Maker, and Raiden, with Japanese VC Global Brain also in tow.
The above - mentioned stakeholders will form
the Ethereum Community Fund, which will be responsible for offering grants to select projects on the Ethereum platform in a move that will hopefully encourage more participation as other stakeholders witness the success of the project.
The Ethereum Community Fund will help to create new opportunities for the growth of the ecosystem.
Not exact matches
Today the
Ethereum community reached a consensus and implemented a successful «hard fork» of the
Ethereum blockchain, which provides for the return of
funds that were previously lost as a result of the exploitation of the DAO.
By buying giant quantities of ETH and
Ethereum - based companies, Ether Capital hopes to turn out to be the central hub of enterprise and
funding for the
Ethereum community.
Hence, the only way for the
Ethereum community to effectively shut the hacker out of his
funds would be to implement a much more rigid hard - fork.
The ETC
community disagreed with the
Ethereum developers» decision a few years ago to fork
Ethereum to return
funds to the investors who lost their money in the infamous DAO hack, and ETH and ETC have gone in different directions ever since.
When such a large amount of
funds was stolen, this would no doubt have a massive impact on the relatively new
Ethereum community.
A monthlong crowdsale of DAO tokens, which serve essentially as voting shares in the
fund, raised $ 162 million worth of ether and was hailed by the
Ethereum community as the biggest crowdfunding campaign in history.
The
ethereum community quickly began debating whether to implement a hard fork, and some members took a more proactive approach by leveraging a white hat attack to remove some of the remaining
funds from The DAO and protect them from the continued action of hackers.
Skipping ahead, the
ethereum community eventually held a vote, with the majority of participants agreeing that they wanted to change
ethereum's code to get the
funds back to investors - and away from the attacker.
A latest vulnerability in the multi-signature Parity Wallet of
Ethereum has caused to freeze
funds worth $ 150 millions of dollars in value thereby causing a bit of panic between investors and
community members alike.
Second, if the
Ethereum community decides to recover their own
funds via hard fork, I hope they commit to this being a once - in - a-lifetime event.
In a sweeping, 2,500 - word blog post today, Fred Ehrsam, the co-founder of one of the best
funded blockchain startups, Coinbase, took aim at what he called a «stagnant» bitcoin
community that he characterized as being outperformed by innovators working on the
Ethereum network.
This scenario, nevertheless, divided the
Ethereum blockchain into two parts and created
Ethereum Classic, the original
Ethereum blockchain, backed by a
community that vehemently opposes editing transaction history to restore lost
funds.
To recover the
funds,
ethereum developers solicited a
community vote early this month, a process that resulted in the decision to «hard fork» its blockchain last week, or implement a change to the code that would return
funds to investors.
This small, but growing contingent of the
ethereum community has continued to maintain a blockchain with the alternative account history (Ethereum Classic), one in which a copy of the original funds are still under control of the anonymous person who executed the attack on
ethereum community has continued to maintain a blockchain with the alternative account history (
Ethereum Classic), one in which a copy of the original funds are still under control of the anonymous person who executed the attack on
Ethereum Classic), one in which a copy of the original
funds are still under control of the anonymous person who executed the attack on The DAO.
Following an attack on
ethereum's most notable project, its
community is debating if it should take extreme measures to help protect the
funds.
The
ethereum community has broken its silence over a move to better facilitate the return of
funds lost on the platform.
«I think the gains in
ethereum are part of the market's reaction to the increasingly fractured bitcoin
community,» said Benjamin Roberts, co-founder and CEO of Citizen Hex, an
ethereum - focused start - up backed by three Canadian venture
funds.
Ethereum devs applied a hard fork in order to freeze the stolen
funds, but the decision split the
Ethereum community.
So far, the bitcoin startup has embraced
ethereum (despite criticism from some quarters of the
community) and raised $ 10.5 m in new
funding from sources including the Bank of Tokyo Mitsubishi UFJ.
Members of the
Ethereum community noticed on the 18th of June that
funds were being drained from The DAO and the overall ETH balance of the smart contract was going down.
Aram Barnett, CEO of the Washington D.C. - based crypto hedge
fund Alluminate, isn't concerned about the diverse
community hindering white supremacists» access to
Ethereum - based technologies.
When such a large amount of
funds was stolen, this would no doubt have a massive impact on the relatively new
Ethereum community.
The ETC
community disagreed with the
Ethereum developers» decision a few years ago to fork
Ethereum to return
funds to the investors who lost their money in the infamous DAO hack, and ETH and ETC have gone in different directions ever since.
The ECF could also go beyond just giving
funds or grants in the future to become a larger
community under the
ethereum network.
This lets startup to not only get enough
funding to bootstrap their project, but also build a
community around the dApp and pay a small fee to use
Ethereum blockchain.