Liam Frost

The Ethereum Foundation has announced a new round of grants given out as part of its Ecosystem Support Program, awarding a total of $3.884 million to 28 projects specializing in various spheres.

> Check out the list of grants from the second quarter of 2020 (and some bonus ESP updates) in our Q2 Allocation Update: https://t.co/rM3FI7Zsxa
> 
> — EF Ecosystem Support Program (@EF_ESP) September 8, 2020

Among the supported projects is FOSS Responders, aimed at helping various open-source efforts to cope with the ongoing coronavirus pandemic.

“With the recent cancellations of open source events due to COVID-19, the future of the FOSS community is unknown. The only way to sustain our community is together, and FOSS Responders are here to help,” says the project’s website.

The project offers help to startups that had events planned but that have been canceled due to the coronavirus outbreak.

 Ethereum Foundation grants show focus is on scaling

As _Decrypt _reported, the Ethereum Foundation has previously awarded $2 million in funding to eight projects within the ecosystem and has created three bounties offering at least $15,000 in total for various security-related challenges. Overall, its grants demonstrated a focus on scaling.

The full list of the Ecosystem Support Program’s grantees in Q2 2020 is available on the initiative’s official website.


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Ethereum

Grants

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<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.\r\n\r\nIn 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.\r&quot;}" data-sheets-userformat="{&quot;2&quot;:547,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}">First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.</span>

In 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.

First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.

In 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.

Ethereum Foundation awards yet some more grants to community-focused projects. Image: Shutterstock

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Ethereum Foundation’s Ecosystem Support Program has awarded nearly $4 million to various community-focused projects.

Ethereum Foundation Hands Out $3.8 Million in Grants

Ethereum Foundation’s Ecosystem Support Program has awarded nearly $4 million to various community-focused projects.