Ethereum devcon 1
This trend has been continuing to this very day. Several of the presentations and sessions at DEVcon-0 would later drive important initiatives to make Ethereum more reliable, more secure, and more scalable. Overall, the event galvanized developers as they continued to work towards the launch of Ethereum.
In April , the DEVgrants program was announced, which is a program that offers funding for contributions both to the Ethereum platform, and to projects based on Ethereum. Hundreds of developers were already contributing their time and thinking to Ethereum projects and in open source projects. This program served to reward and support those developers for their contributions. The DEVgrants program continues to operate today and funding of the program was recently renewed in January Throughout and development went through a series of proof of concept releases leading to the 9th POC open testnet, called Olympic.
The developer community was invited to test the limits of the network and a substantial prize fund was allocated to award those holding various records or having success in breaking the system in some way or other. The rewards were announced officially a month after the live release.
In early , an Ethereum Bounty Program was launched, offering BTC rewards for finding vulnerabilities in any part of the Ethereum software stack. This has undoubtedly contributed to the reliability and security of Ethereum and the confidence of the Ethereum community in the technology. The bounty program is currently still active and there is no end date planned.
The Ethereum security audit began at the end of and continued through the first half of The Official Ethereum Stablecoin 01st April, Ethereum scalability research and development subsidy programs 02nd January, Author Christoph Jentzsch Posted at Author Anthony Cros Posted at Author Vitalik Buterin Posted at Author Hawkeye Posted at 5: Does anyone have the details for the DEVcon Livestream?
The government, the bank, the stock market, and even internet services Google, Yelp. Ethereum is part of a movement in tech to create a decentralized infrastructure that will allow people to organize in completely new ways and rely on an uncontrolled network of computers to be the arbiter between them, rather than a central service or agency.
Its called a trustless system. Critics are unclear if this is doublespeak or not. In fact, Ethereum has just been purchased by Consensys, an umbrella group out of New York and Toronto that is placing a huge bet on the Ethereum blockchain and has been purchasing massive amounts of Ethereum talent and human capital.
The group, led by a man named Joseph Lubin , has rounded up many of the original Ethereum developers, Ethereum offshoots, and related platforms in a series of massive deals.
Now they have Ethereum itself. The organization is flush with cash, talent, intellectual property and is dead set on creating the new internet standard.
Microsoft has even graciously sponsored the conference as part of their new partnership. Are they completely buying in? Do they really see these upstarts as a threat to their institutions? However, as I listen to the goings on around me, I overhear excited chatter regarding how IBM is investing millions of dollars and dedicating a hundred engineers to testing the Ethereum system. Clearly institutions are seeing something in all of this. Even the Nasdaq is putting private market shares and trading into Bitcoins blockchain — already the old Goliath in the blockchain industry that surely Joseph Lubin sees as enemy no.
Does Ethereum stand a chance? Are the institutions actually taking this seriously? Do any of these ideas on display here even make sense?
This conference seems to think so. But that SkyNet image on the screen is in rather bad taste. Is that the future they are building for me?