From Cointelegraph
On Feb. 16, six large-scale Blockchain projects OmiseGo, Cosmos, Golem, Maker and Raiden, that have completed successful multi-million dollar initial coin offerings (ICOs) last year, along with Japanese venture capital firm Global Brain have created the Ethereum Community Fund (ECF), to fund projects and businesses within the Ethereum ecosystem.Read more: https://cointelegraph.com/news/how-will-a-100-mln-grant-help-ethereum-scaleThe ECF will begin with $100 mln, likely raised by the six Blockchain projects. Some members of the Ethereum Foundation including Ethereum creator Vitalik Buterin plan to advise the fund. Buterin told TechCrunch:
“Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help to make that possible.”
Buterin’s personal goal of funding open-source projects
In September 2017, Buterin revealed that his advisor shares from $1.8 bln project OmiseGo and $370 mln decentralized cryptocurrency exchange Kyber Network will be allocated in a private fund to finance open-source projects building innovative technologies such as scaling solutions for the Ethereum Blockchain network.Buterin emphasized that he will no longer advise any other Blockchain project apart from OmiseGo and Kyber Network and that all of the incentives he received from the two Blockchain projects will be used to improve the Ethereum protocol. At the time, Buterin said:
“I'm announcing that 100% of my OmiseGo + Kyber Network advisor shares will be either donated to charity (AMF, GiveD, SENS etc) or used to privately fund Ethereum second-layer infrastructure (state channels, multisig wallets etc) or some combination of the two.”
I don't get why so many people hate on Ethereum sure it's had a rocky road as far as hacks are concerned but it's always been a problem in how Ethereum was used improperly not a problem with the chain itself. This is no longer a high school project. Ethereum has major backing serves major purposes and is already in use. So no EOS will not be the end of Ethereum.
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Seriously - haters gonna hate! You are right @contentjunkie, we have a lot of hate for ETH. I don't know why people can't understand that ETH is the megamind of the major Decentralized apps out there. Bringer of smart contracts make it easy for anyone to make such apps that are never going be made on the conventional systems.
ETH powers the system. I believe in #ETH as I believe in #STEEM. Cheers! I hope both of them will land up on SUN instead of MOON. 😋
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Ethereum is a great short term investment opportunity. Long term? I don't know, because I don't think they will be able to fix its network slaking issues. For that to happen, they would have to completely dump the ETH blockchain and move over to something new & imporved with future scaling in mind.
EOS is one platform that can/will eliminate the need for ETH, NEO, and any other smart contract platform. That's how unique EOS is. Will it kill off ETH? Probably not, but it should co exist quite nicely together.
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EOS is defintely a great platform because it allows users to develop and deploy the platform as a host, unlike BTC and ETH. Specifically ETH will also develop into something else with passing time if it has to hold the horses with the advancements.
The market will never be like this than it is now. We will have multiple kings with multiple lords favoring them. So it's going to be a huge blockchain on its own. Haha! Yours was a nice & juicy comment. Cheers bro. :D
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The value of anything in life is determined by correlating many finite statistics. A couple of these values are usage and speculation. As far as I can tell nothing is even close to Ethereum in terms of usage. For this fact alone speculation on the value Ethereum seems to be correct. I personally believe that we will see higher valuations long term. This is a newer field so those that say valuations are high may be correct but those that are "experts" in valuing this new and growing field have little relative experience. I am a long term holder of #ETH as I find the technology to be quite disruptive.
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