May 13, 2019
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$30m Being Spent on Ethereum Side Projects

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At the end of last week, during the ConsenSys’ Ethereal Summit, the Executive Director of Ethereum Foundation, Aya Miyaguchi, revealed their plans to support the overall ecosystem development by spending around £30 million on several different projects over the course of 12 months.

This funding will be used to improve the current PoW algorithm of Ethereum 1.x, the general core support and development to enhance the overall performance and security of Ethereum.

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