Ethereum 2.0 has lost credibility as a project that will ship in any kind of predictable timeframe,” Kadena President Stuart Popejoy told Modern Consensus. “Ethereum’s congestion and high gas prices are providing a strong incentive for DeFi projects to consider other platforms."
Elliptic co-founder Dr. James Smith stepped down as CEO of the growing blockchain intelligence firm on April 28 in order to focus his energy on developing the growing firm’s technology and engineering development as chief scientist. In his place, former COO Simone Maini is taking the reins.
A decentralized finance-focused blockchain platform, Algorand has earmarked a total of 250 million ALGO tokens worth $50 million for multi-year grants initiative, designed “to provide funding to projects building apps to support infrastructure, end-user application, and research innovation on its blockchain.”
On April 7, Twitter and Square founder Jack Dorsey tweeted on his @jack account that he will give $1 billion—more than a quarter of his fortune—to fight the COVID-19 epidemic. After that, the funds will be used to advance health and education initiatives for girls, and advocate for universal basic income.
