Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO

Joseph Lubin, Vitalik Buterin, ConsenSys, and the Ethereum Foundation donate 1,000 ETH apiece to new Ethereum infrastructure development fund.

Ethereum founders Joseph Lubin and Vitalik Buterin and their respective organizations ConsenSys and the Ethereum Foundation are each donating 1,000 ether (ETH) to the Moloch decentralized autonomous organization (DAO).

This donation brings the organization's total funds up to $1 million, a Cointelegraph correspondent learned at the Ethereal Summit on May 10.

The stated objective of Moloch DAO, created by Ameen Soleimani — the CEO of the Ethereum-based adult token platform Spankchain — aims to crowdsource funding for shared, open-source Ethereum infrastructure. Moloch DAO states:

“Our objective is to accelerate the development of public Ethereum infrastructure that many teams need but don't want to pay for on their own. By pooling our ETH, teams building on Ethereum can collectively fund open-source work we decide is in our common interest.”

Ethereum co-founder Vitalik Buterin previously acted as an advisor to a different Ethereum crowdfunding project, the Ethereum Community Fund (ECF), which was initially endowed with $100 million to go toward infrastructure developments. The ECF named their first five grant recipients at the beginning of 2018, and announced the second cohort of recipients in August 2018.

One example of these infrastructure development grants is second cohort recipient and crypto researcher Patrick McCorry’s work on improving the speed and security of Ethereum state/payment channels.

As previously reported by Cointelegraph, Lubin has high hopes for the future of Ethereum, believing that Ethereum will form the backbone for the next generation of the Internet:

“My feeling is this is just the next Internet. This is World Wide Web version three. We are going to be delivering applications that look like Web pages or Web applications or that look like mobile applications. They will just have this different kind of database in the backend that is a much more trustworthy database that enables easy interoperation amongst lots of other things.”

Original Article


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2975,Press Releases,338,Sponsored,137,
CryptoNomus: Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO
Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy