Ethereum Foundation Grants $2.46M to Developers to Advance Ethereum 2.0
Produced by Odaily
Translator | Wang Ye
Editor | Lu Xiaoming
Produced by Odaily
Translator | Wang Ye
Editor | Lu Xiaoming
According to a Cointelegraph report on August 27, the Ethereum Foundation announced that it will provide $2.46 million to fund the developers of the Ethereum network in order to advance the progress of "Ethereum 2.0".
On August 26, the Ethereum Foundation announced in a post on its official blog that the Ethereum Foundation has provided financial support to several Ethereum network client development teams. The team involved was tasked with creating a test network compatible with multiple clients.
Before introducing which developers are currently funded, we must first know which stages Ethereum 2.0 is divided into. The Ethereum 2.0 system is planned to be delivered in three separate phases, each phase building on the previous one:
Phase 1 will provide large-scale scalability for the Ethereum network in the form of fragmented chains, increasing the transaction processing capacity of the entire network by more than 1,000 times.
At the same time, 9 teams from different backgrounds and regions have participated in the development and construction of the "Ethereum 2.0" network through different programming languages:
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9 teams of the current Ethereum 2.0 client, source: ethhub.io
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According to the announcement of the Ethereum Foundation, the funding received by developers is as follows:
Harmony, the developer involved in the Beacon Chain, received a grant of US$189,000. The Beacon Chain is the basis of Ethereum 2.0. It is responsible for managing the PoS protocol and coordinating all independent and parallel shard chains. It is the most complex part of the entire system development. In October 2017, Harmony was launched. It is the original Java client of Ethereum, maintained by a group of independent developers called "Ether Camp". This group of developers is now simply known as the "Harmony" team. In June, the Ethereum Foundation just awarded them $90,000 to fund their development for Ethereum 2.0.
Prysmatic Labs, the developer of the Prysm client, received a $725,000 grant. Prysmatic Labs is the first team to develop Ethereum 2.0 client in Go language. They went live with their system in January 2018. They hope that Ethereum 2.0 will achieve good scalability. The Ethereum 2.0 client developed by this team is called "Prysm", in contrast to the client "Geth" that is also developed in the Go language and is currently running on Ethereum.
Sigma Prime, a developer working on the Lighthouse client, received $485,000 in grants. Founded in 2016, Sigma Prime is a company focusing on information security and blockchain technology consulting. The Ethereum 2.0 client they are developing is called "Lighthouse" ("Lighthouse") and is written in the Rust language. This is the second Ethereum client written in Rust besides Parity. Sigma Prime co-founder Paul Hauner has told the media that he doesn't think their system is fundamentally different from Parity.
Status, the developer involved in the Nimbus client, received a $500,000 grant. Status is both a messaging platform and a mobile browser designed specifically for Ethereum users. In August 2018, the Status team released the client they developed for Ethereum 2.0, called "Nimbus", written in the Nim language. The goal of Status is to try to promote the widespread use of Ethereum, and hopes to optimize Nimbus so that it can also run on devices with very limited hardware resources. Therefore, running Nimbus requires very little hardware resources. Nimbus expects to become the first mobile client on Ethereum, allowing Ethereum to run on mobile phones and various handheld devices.
Cryptography analyst Dmitry Khovratovich has received $10,000 to write a report on the security of the first version of ETH 2.0.
