Vitalik Buterin, the co-founder of Ethereum, has been vocal about the lack of incentives for public open-source projects and developers contributing to the open-source codebase of Ethereum and its scaling solutions.
Core developers for public blockchain projects such as Bitcoin, Ethereum, and Litecoin generally take pay cuts and work for salaries below industry standards to improve public blockchain protocols and their infrastructures. In Bitcoin, for instance, the Bitcoin Core development team and its open-source community of contributors have overseen the development of Bitcoin for many years, implementing necessary scaling solutions and pursuing public projects to provide better infrastructures for businesses, app developers, and users.
The Ethereum open source development community is very vibrant and active. Many independent projects are collaborating to solve some of the Ethereum blockchain’s underlying issues and scalability problems. Plasma, the scaling, and privacy solution for Ethereum users developed by Buterin and Bitcoin’s Lightning co-author Joseph Poon is an example of an ongoing scaling project within the Ethereum development community.
But, projects like Plasma are not in development for commercial use, or to become profitable applications. Their main purpose is to improve the scalability of Ethereum by providing on-chain, off-chain, and two-layer scaling solutions to expand the capacity of the Ethereum network. Unlike initial coin offerings (ICOs) and blockchain startups running ICO campaigns, open-source projects like Plasma can struggle to raise sufficient capital to sustain their ongoing developments.
Last month, Buterin announced his plans to form a private fund to provide resources and capital to open-source projects focusing on scaling the Ethereum blockchain network and developing second-layer infrastructures. He stated:“I’m announcing that 100 percent of my OmiseGo + Kyber Network adviso...