Ethereum Foundation will sponsor ETH2 staking projects

The Ethereum Foundation, a non-profit organization, has announced that it will sponsor projects that participate in the ETH2 staking ecosystem.

The organization invites teams and developers who create staking tools and guidelines to apply for grants. The application deadline is December 22. Ethereum Foundation representatives noted:

“The idea of ​​the program is to contribute to the community of developers, validators and staking participants. We welcome ideas and projects at any stage of development: in the form of an idea, at the stage of proof of concept and ready-made projects. “

As a reminder, the transition from the Proof-of-Work (PoW) to Proof-of-Stake (PoS) algorithm is scheduled for December 1. To start staking, it is necessary that at least 524,288 ETH is blocked on the deposit contract. 

At the moment, 95,200 ETH have been transferred to the deposit contract. However, now it makes no sense for the holders of the second cryptocurrency to block funds on the deposit contract – they can be used for other purposes and making a profit.

On November 11, a temporary unplanned hard fork occurred on the Ethereum network at block 11,234,873. The Infura platform reported an outage, and the Binance exchange temporarily suspended the withdrawal of ETH and ERC-20 tokens.

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