Ethereum Foundation Announces Annual Funding, Next Devcon Location
Cointelegraph
Published May 10, 2019 07:03PM ET
Updated May 10, 2019 07:27PM ET
Ethereum Foundation Announces Annual Funding, Next Devcon Location
The Ethereum Foundation is planning to spend $30 million on different projects across the ecosystem over the next 12 months, the company’s executive director Aya Miyaguchi revealed at the ConsenSys’ Ethereal Summit on May 10.
In the course of the next year, the Foundation is going to allocate funds for improvement of Ethereum’s performance and security, which includes working on the current proof-of-work (PoW) algorithm of Ethereum 1.x and general core support and development, raising awareness about the altcoin by organizing hackathons, developing relations, and attracting new talent, among other issues.
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Written By: Cointelegraph
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