RATE Group | Ethereum Foundation Names Wave 3 Grant Recipients
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Ethereum Foundation Names Wave 3 Grant Recipients

21 Aug Ethereum Foundation Names Wave 3 Grant Recipients

Posted at 01:24h in Ethereum News by

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The foundation prioritized scalability in its most recent round of grants.

This past Friday, August 17, the Ethereum Foundation revealed the recipients of its third wave of grants. Although funded projects range in topic from security to education, most of the program’s grants have been allocated for scalability improvements. Since the first wave was announced in early 2018, nearly $7 million has gone to scalability endeavors, equal to 61.3 percent of the Ethereum Foundation’s funding pool.

StarkWare Industries received the largest grant by far – $4 million with 6,000 Ether to fund performance-based bounties. The company will use these funds to develop “production-quality software for optimized STARK-friendly hash functions and tooling.” StarkWare informally announced it had received the grant last month via Twitter.

STARK technology, which refers to zk-STARKs, could theoretically scale Ethereum in a transparent way. A zk-STARK is a succinct, zero-knowledge proof to verify…

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