Announcing an Ethereum Foundation Grant to Parity Technologies

The Ethereum Foundation is thrilled to announce a scalability, usability and safety grant of 5 million {dollars} (USD) to Parity Technologies.

For a number of years, Parity Technologies has been an invaluable member of the Ethereum ecosystem for his or her management in core improvement efforts, their Parity Ethereum shopper and extra. Their work has continued at a blazing tempo. At Devcon4 in Prague, Parity group members offered their plans to develop a Serenity implementation, exampling an thrilling path for the years forward.

By all metrics, Parity is a significant technical contributor to the Ethereum mission, and so they’ve notably achieved in order a self-financed and open-sourced effort since their founding.

The Ethereum Foundation is dedicated to funding groups and people constructing the frequent infrastructure round scalability, usability and safety. To that finish, we could not consider a extra relevant match for a grant given Parity’s fixed push to increase the technical bar and their pinpointed concentrate on subsequent era developments like proof-of-stake, sharding and WebAssembly.

We’ve got been delighted to see our ecosystem rally round and help technical advantage and worth alignment, and we’re devoted to utilizing our sources to additional this mission too. We achieve this responsibly by means of milestone-based grants to initiatives, each giant and small, commensurate with the potential impression of their work.

This grant will fund Parity’s work on Casper, sharding, mild purchasers, developer instruments, QA, audits and infrastructure enhancements. Funding might be delivered in a number of tranches, the primary of which helps improvement that Parity has already accomplished. Others are contingent upon reaching express milestones which embody:

  • The completion of eWasm compatibility work

  • Transport a lightweight pockets for mainnet.

  • The profitable completion of Phase 0 and Phase 1 of sharding.

We’re grateful for Parity Technologies’ onerous work and dedication to Ethereum, and we hope that this grant serves as a reminder of how a lot they’ve already contributed, in addition to an indicator of an thrilling future. Please be a part of us in congratulating Parity Technologies on receiving this main Ethereum Foundation grant.

Ethereum Foundation Crew

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