Ethereum Foundation Weighs $15 Million Bid To Build ‘Randomness’ Tech
At the cutting edge of blockchain research is a potential $15 million dollar venture by the Ethereum Foundation centered around a technology called Verifiable Delay Functions.
As Revealed to CoinDesk in interview, the ethereum sidechain POA Network plans to host “a public bounty” for a VDF implementation using the ethereum open-source collaboration platform Gitcoin.
While at least one company was previously reported to be in collaboration on VDFs, Drake highlights that for now, the foundation is working independently.
The representative also affirmed that, at present, Filecoin is moving ahead “Separately” from the Ethereum Foundation but may “Potentially co-fund third party proposals for exploratory VDF research with the Ethereum Foundation” in the months ahead. As such, Drake highlights that, for now, “The Ethereum Foundation has moved on its own [funding] various researchers, generally small grants to the order of 10 and 25 thousand dollars.”
Christine Kim’s original article for coindesk.com reduced by 80%
Related article: Ethereum Creator Says Crypto Projects Like EOS & Tron Are ‘Centralized Piles Of Trash’
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