Ethereum Foundation, the key player behind the development of Ethereum, announced a grant of $5 million to Parity Technologies. The grant is regarding the company’s work pertaining to the scalability, usability and security of Ethereum network, the main aspects of Ethereum 2.0.
Parity has been one of the notable teams working towards the betterment of the Ethereum ecosystem. The team is also responsible for Parity Ethereum, the fastest and most advanced Ethereum client. The Foundation stated that this grant is for the team’s work on Casper, Sharding, light clients, QA, audits, infrastructure improvements, and developer tools.
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