By CCN: The Ethereum Foundation announced it is committing $30 million over 12 months as it continues to build Ethereum 2.0. The nonprofit is spreading the funds “on key projects across the ecosystem” with a focus on Ethereum 2.0 (Plasma), supporting Ethereum 1.0, and developers. The foundation holds 0.6% of all ETH in addition to cash on hand. The Ethereum price took the baton from bitcoin and surged to an eight-month high last week. ETH is up approximately 50% in May alone. Ethereum 2.0 is no facelift Ethereum 2.0 is a transformative undertaking involving a great number of partnerships with developers,

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