Ethereum development startup Ethcore may attend Shanghai Blockchain International Week

Rage Review : Ethcore, founded by former Ethereum COO Gavin Wood, has raised $750,000 in seed funding for the Ethereum platform. As the hottest blockchain currently, it has attracted the attention of major venture capital institutions. For example, Ethereum is currently being evaluated by major institutions for its investment potential, and Distributed Capital has also participated in the investment, which indicates that Chinese local investment institutions attach great importance to blockchain and may make great achievements in the blockchain industry in China in the future.

Author: Amber Dingding

The DAO incident some time ago has once again put Ethereum in the spotlight. As an innovation in the technology world, blockchain has always been hailed by the outside world as a "magic weapon" that can solve many current pain points. However, the occurrence of the DAO incident clearly shows that no system is absolutely perfect. Ethcore, an Ethereum development startup, will develop new enterprise-level products for commercial use. What exactly is the mysterious "Ethereum"? As a startup company that uses Ethereum to develop, how will Ethcore use blockchain technology for commercial purposes? These have attracted much attention from the outside world.

It is reported that Ethcore will attend the Shanghai Blockchain International Week event jointly organized by Wanxiang Lab and ChainB in September, and will have in-depth exchanges and communication with blockchain enthusiasts from all over the world.

Ethcore secures $750,000 in pre-seed funding

In April 2016, Ethcore, an Ethereum development startup founded by Gavin Wood, one of the founders of Ethereum and former CTO of Ethereum, has completed a pre-seed round of financing of US$750,000. According to Ethcore, the purpose of this fundraising is to develop a product of the company. The company hopes that this product can be evolved into enterprise use. Blockchain Capital and domestic distributed capital participated in this round of financing.

The funding will help Ethcore move toward version 1.0 of its ethereum client, Parity, and help it create new development libraries that will aid the growing number of enterprise companies seeking to use the ethereum platform for private and joint projects.

According to founder Gavin Wood, the funding will allow the company to start investigating how to make Ethereum ready for enterprise use. Moreover, this financing activity comes at a time when blockchain venture investors are very interested in the Ethereum ecosystem, hoping to provide a way for venture capital companies that do not have much interest in Ethereum to enter the Ethereum ecosystem in the future and increase the company's exposure.

Ethereum, the mysterious man behind the scenes

What exactly is the mysterious Ethereum? The mystery is about to be unveiled.

For starters, Ethereum is a platform and a programming language. Ethereum is a “decentralized platform for running smart contracts” and enables developers to build and launch the next generation of distributed applications. Ethereum can be used to program, decentralize, secure and trade anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and most agreements, intellectual property, and smart assets thanks to hardware integration.

Although Ethereum was born not long ago, it has already spawned many applications. Ethereum is a powerful supplement to the blockchain development tool chain. It allows users to easily use distributed computing and shared storage, and is censorship-resistant and anti-destruction. In addition, it promotes the implementation of the Ethereum Virtual Machine (EVM) on the blockchain. Whether Ethereum can remain the most commonly used implementation of EVM will reduce the risk of entrepreneurs developing products on Ethereum. As a software platform, Ethereum has significantly increased the methods of using blockchain technology in application technology. In the future, more convenient and secure blockchain applications will emerge based on Ethereum.