Ethereum Foundation offering millions in grants to help solve scaling issues...

The Ethereum Foundation is a non-profit group that helps oversee, and develop the future of Ethereum.

In a blog post by Ethereum founder Vitalik Buterin, he stated why he's trying to help fuel innovation, stating:

"With the Ethereum blockchain reaching 1 million transactions per day, and both Ethereum and other blockchain projects frequently reaching their full transaction capacity, the need for scaling progress is becoming more and more clear and urgent."

So through a series of grants from $50,000 and up to $1 million - The Ethereum Foundation is trying to help bring solutions to these scaling issues, fast.

They invite anyone, any company, any development team, or even university to apply if they feel they can contribute.

You can get full details here.

Author: Oliver Redding
Seattle News Desk