Ethereum (ETH) Foundation Disburses 4th Wave of Grants in Ongoing Grant Program – ETH News Today

Back in August, the Ethereum (ETH) Foundation released its third wave of grant in its ongoing Grants Program. The Foundation gave out about $11 million to 52 projects that are working to make the Ethereum network much better. The Foundation has always been a steadfast proponent of development and innovation. That is why they created this program to support developers and projects that aim to improve the Ethereum network.

Ethereum (ETH) Foundation the 4th Wave of Grants

Recently, the Ethereum (ETH) Foundation Grant Team announced the release of the 4th wave of the Grant Program. The Foundation distributed millions of dollars to promising developers and projects that are contributing to the development of Ethereum.

The announcement was made via a blog post and twenty different projects benefited from the grant. The projects given grants are under different categories including usability, scalability, BUIDL, security, Hackternships, and client diversity.

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Some of the Awardees of the Grant Program

Counterfactual is one of the beneficiaries of the grant. The project is building generalized state channels on the network of Ethereum. The aim of the project is to make the blockchain of Ethereum more efficient by taking most of its processes off-chain. The project plans to achieve this without compromising the characteristic trustworthiness of the blockchain.

Another beneficiary of the grant is Finality Labs. This project is contributing to the development of FTLC (Forward-Time Locked Contracts) for Ethereum. Trueblocks is developing an open-source block explorer. Gitcoin helps developers use bounties to monetize and collaborate their skills.

VulcanizeDB is working on a community-sourced block explorer. Flinstones is working on improving the Flint language. Status, Prysmatic Labs, and Sigma Prime have all benefited from the grant for Client Diversity for Ethereum 2.0.

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Regarding the Hackternships, Elizabeth Blinks benefited from the grant for her work on the implementation of ring signature with a minimum of nine keys. Lindsey Gray was also awarded a grant for being part of the development of C++.

The Ethereum (ETH) Foundation is getting ready for the Wave 5 of the Grants Program. They have also published a whitelist about the development of the ecosystem and invited applications for the next wave of the grant.

Constantinople Faces Delay after a Bug Was Discovered During the Testnet

Constantinople is the much awaited hard fork of Ethereum. The hard fork was recently tested on Ropsten. However, the team encountered a major challenge during the testnet. The upgrade failed to deliver the expected result due to a “consensus issue.”

The upgrade was meant to introduce five major improvements to the blockchain of Ethereum. It was meant to increase its efficiency. The development team of Ethereum (ETH) said due to the delay, the hard fork can’t be activated this year. The team needs some time to rectify the issue. The hard fork will be activated in January next year or in the first quarter of 2019.

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Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$208.37
-1.52%

Ethereum (ETH) is currently changing hands at $207 after a decrease of about 1.5 percent over the past twenty-four hours. The current market cap of the digital currency is $21.28 billion and its trading volume over the past twenty-four hours is $1.41 billion.


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