The co-founder and inventor of ethereum, Vitalik Buterin is a Russian-Canadian programmer. He has decided to donate a huge sum of $300,000 in cryptocurrency to three blockchains startups.
The driving force behind this decision appears to be a twitter thread. The three blockchain startup projects who are going to receive 1,000 ETH grants are ChainSafe System, Sigma Prime and Prysmatic Labs.
All of the three projects are working in order to build the next iteration of the network , ethereum 2.0.
The ethereum’s scalarbility is being handled by Prysmatic Labs while the Sigma Prime’s contribution is of an ethereum 2.0 client named Lighthouse and ChainSafe is also working to build an ethereum 2.0 client.
This decision by Vitalik Buterin is apparently in respenose to a twitter thread, in which certain prominent members of ethereum community were discussing about different ways in which the present technology could be improved.
The decision even had some citing to insufficient funding as one of the cause for the slow pace of development.
The co-founder of Prysmatic Labs is Mr. Preston Van Loon who is also a software engineer by profession at the world’s search engine Google.
He tweeted that even the recent grants are not sufficient for the workers and it is hardly enough to bear a whole team full time with certain significant pay cuts and it is definitely not enough to scale the team to the position that the present scenario demands for.
To this particular tweet Buterin replied by saying that he has straight away send 1000 eth and stated that you only live once, therefore we should make the most of it.
The comments following this tweet was made by Ryan Sean Adams, who is the founder of the Mythos Capital, the crypto investment firm.
The second donation was made to Sigma Prime while the third grant was awarded to Canada Based ChainSafe.
Source: CoinDesk, Invest In Crypto
