At Blockchain Week, Maturity Is the Motto as Ethereum Organizations Push Toward 2.0 Upgrade

Published on by Coindesk | Published on

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The ethereum movement, headed by flagship organizations like the Ethereum Foundation and the Brooklyn-based conglomerate ConsenSys, emerged from Blockchain Week 2019 with a common goal and a newfound sense of urgency.

In short, building ethereum 2.0 - the blockchain network's ambitious reinvention plan - will require maturity.

"The only people left are those that want to be here and are working hard," Ethereum Foundation consultant Eva Beylin said of the broader ethereum ecosystem.

There, the Ethereum Foundation's head of special projects, Virgil Griffith, told CoinDesk that relations with ConsenSys are getting "Better," despite lingering distrust between the nonprofit crowd and the for-profit venture headed by ethereum co-founder Joseph Lubin.

Based on CoinDesk's conversations with 10 high-ranking people associated with ethereum's top projects, this Blockchain Week may have been a turning point.

The Ethereum Foundation has been more focused on support for decentralized finance applications like Uniswap and MakerDAO, two projects supporters say embody ethereum's collaborative spirit.

Uniswap, which now holds more than $14.9 million worth of ether, was developed under the guidance of ethereum creator Vitalik Buterin and funded by a grant from the Ethereum Foundation before it raised venture capital in April 2019.

ConsenSys alum and SpankChain CEO Ameen Soleimani, has emerged as a community organizer - announcing at Ethereal that his MolochDAO for funding ethereum infrastructure projects would be jointly funded by Lubin, Vitalik and a group of ConsenSys and Ethereum Foundation employees.

It remains to be seen which external organizations will commit significant resources to sustaining the ethereum network, and partnership-building certainly isn't immune to infighting.

Erin himself outlined some of the plans for making ethereum work at scale in a proposal published during Blockchain Week.

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