Ethereum Foundation Grants $5 Million to Parity Technologies

The Ethereum Foundation has just awarded a $5 million grant to Parity Technologies to support the firm’s work building the blockchain network’s next iteration, ethereum 2.0.
The organization announced Monday that the funding is a “scalability, usability and security” grant, in particular aimed to boost work on Casper, a proof-of-stake protocol upgrade, and the scaling solution dubbed sharding, as well as light clients, developer tools, audits and infrastructure improvements.