The Ethereum Foundation released the 2019 Spring Report, and the key points are here
Author | Qin Xiaofeng
Editor | Lu Xiaoming
Produced | Odaily
(picture fromcryptodaily）
Author | Qin Xiaofeng
Editor | Lu Xiaoming
image description
(picture from
Today, the Ethereum Foundation released its Spring 2019 report.
The report mentioned that the ETH currently held by the foundation accounts for 0.6% of the total (about 170 million U.S. dollars), and also holds some cash (the specific amount is not disclosed); in the next 12 months, the foundation plans to support the entire Ethereum The key projects in the ecosystem will invest 30 million US dollars, regardless of whether the price of ETH rises or falls, this budget will not be affected; in addition, 19 million US dollars in the budget are planned to support the development of ETH 2.0, and 8 million US dollars are used to support " ETH 1.0" development, $3 million for development talent introduction and incentives.
Odaily sorted out the relevant key points of the report for readers.
secondary titleMolochDAOrole change
The report mentioned that from the beginning of the establishment of Ethereum, the foundation, as a non-profit organization, has been committed to doing what is most beneficial to Ethereum and supporting ecological construction.
Therefore, the foundation's current role should be: resource allocator, ecological voice, and interest representative.
Resource allocator: The Foundation currently holds 0.6% of the total ETH tokens and some cash reserves. These funds will be invested in key work in the entire system; due to limited capital, the Foundation has to allocate them so that each The funds are used efficiently; in addition, the foundation also encourages
and Gitcoin for funding.
Ecological voices: Even if the foundation actively empowers others, many people still regard the foundation as the most valuable voice in the ecosystem - the foundation can focus on some important but relatively unknown projects, encourage community development and share Ethereum research progress.
Interest representatives: When the outside world (large companies, governments, individuals) learn about Ethereum, the foundation is often the first stop, and needs to speak out on behalf of the interests of Ethereum, and introduce the construction of the Ethereum ecosystem to the outside world.
secondary title
support plan
The foundation mentioned in the report that in the next 12 months, it is expected to invest 30 million US dollars to support the development of key projects on the ecosystem. Whether the price of ETH goes up or down, this budget will not be affected.
Regarding the project's support criteria, the foundation stated: "It doesn't matter whether the project is 'internal' or 'external'. What matters is that we invest resources effectively to achieve the goals that Ethereum is trying to accomplish."
Regarding the specific support plan, the foundation stated that $19 million in the budget is planned to support the development of ETH 2.0, $8 million is used to support the development of "ETH 1.0", and $3 million is used to introduce and motivate development talents.
ETH2.0 support list:
ETH 2.0: Client Team, Research, VDF, Documentation and Communication
Layer 2: State Channel & Plasma
Continuing work on eWASM
smart contract language
Formal verification, audit and specification work
Geth
Solidity
Zero-knowledge development, including ZoKrates
Ethereum 2.0 Phase 3 and later research and development
Work directly with academic institutions to attract top research talent
ETH 1.x support list:
Proposals related to "ETH 1.x"
Web3.js and Ethers.js
Developer Program:
Developer Education and Onboarding
Support developer-focused community event organizations such as ETHGlobal
Support regional Ethereum community organizations
Developer experience improvements and developer tools
Attract great development talent
Encourage browsers and other mass consumer technologies to seamlessly integrate Ethereum into the user experience
ETH 2.0Continue to improve ethereum.org
Foundation Support ProjectsNimbus、PrysmandSigma PrimeThe report mentions projects and teams supported by the Ethereum Foundation in the past 12 months:
ETH 1.x
ETH 2.0 client teamis a collective term for a set of transformative upgrades to the Ethereum protocol. In the last year, the work has been transformed from a research project to an engineering project.ETH 2.0 client teams supported by the Foundation include Nimbus, Prysm, Sigma Prime, and Substrate Shasper. Over the past few months,
ZK-rollup
and
ETHGlobal
The test network has been launched; next, resources will be tilted towards testing and auditing.
As a transition to ETH 2.0, the ETH 1.x initiative launched last year focused on improving Ethereum's short-term scalability and sustainability. Foundation-funded projects: Alexey Akhunov's research on stateless clients and state fees; Ashikhmin's research on
Sync Protocol Improvements
Research.ZK-rollup uses concise zero-knowledge proofs to enable Ethereum TPS to reach hundreds. The project was developed by Barry Whitehat and Matter Labs, with support from the Foundation.ETHGlobal hosts Ethereum Hackathons around the world, dedicated to bringing new developers into the ecosystem and fostering project and company creation. At the recent ETHCapeTown event, 70% of the participants were from South Africa, and 40% of the participants were new to Ethereum.
Related cooperation
The Ethereum Foundation held three workshops at Stanford and MIT, exploring a number of Ethereum development issues including Casper CBC, VDFs, Plasma structures, and the security boundaries of Ethereum 2.0.
The Ethereum Foundation, in collaboration with Supranational and Protocol Labs, cracked Ron Rivest's "
Time Capsule Puzzle
