Ethereum Community Fund integrates Blockchain projects

Representatives of projects which were created on a blockchain of Ethereum declared the plans for combining of resources and efforts. Their number included OmiseGO, Maker, Raiden and Golem — they intend to create special Ethereum Community Fund which purpose will be a combining of efforts for development of a network.

First of all the fund will launch set of grants on projects which will be directed to a solution of the problem of scalability. It is supposed that grants will be able to provide continued financial support to such projects.

It is no secret that the scalability is the principal scourge for all startups which work at the Ethereum platform. It strongly hinders mass connection of users (it is worth recalling a problem which arose at Ethereum when all wanted to play Cryptokitties). Representatives of Ethereum Community Fund hope that having combined the efforts, they will be able to find the solution to this problem and to bring the Ethereum network to the new level of development.

“Only one project operating it is isolated can break network functioning if all of us integrate and we will work together, then we will be able precisely to create the structure which radically to change the whole world” — representatives of combining say.

At the same time, Pyotr Yanyuk holding a position of the chief technical adviser of Golem marks that this approach will help projects to focus on own tasks, without hindering operation of each other.

We will remind, earlier it was reported that Ethereum will select $1 million for projects which work open source, on a scalability problem. It is important that Ethereum Community Fund got the approval of many eminent people an industry blockchain among them: Vitalik Buterin, Ayako Miyagi, Julian Zavistovsky, June Hasegawa and many others. All of them publicly told that all of them read Fund a basis of development of Ethereum.


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