Ethereum Foundation Distributes Grants of $2 Million To Ethereum 2.0 Developers

The Ethereum Foundation has recently announced on its blog a new set of grants for projects which are focused on bringing Ethereum to the next level. According to the foundation, eight groups which are working on solutions that will be vital for the creation of Ethereum 2.0 (also known as Serenity) will receive grants.

Most of these solutions are focused on sharding, proof of stake technology and other solutions which will be the backbone of the awaited next version of Ethereum.

ConsenSys, the popular ETH accelerator, and Protocol Labs are also participating and will give some of the money for the grants.

The companies Receiving the Grants

A total of eight companies will receive grants from the Ethereum Foundation. The value of the grants will vary a lot. Prysmatic Labs, which is the developing the new Prysm client will be the one receiving the largest grant, $725,000 USD.

The company will be followed by Status and Sigma Prime, which will receive $500,000 and $485,000 USD respectively. Status is focused on creating the Nimbus client while Sigma is in charge of the Lighthouse client.

Chainsafe is set to get $217,500 to create its Lodestar client and to work on Javascript for ETH 2.0, while Harmony will get $189,000 to develop its Harmony beacon chain.

The other companies include Whiteblock with $184,000, Status (again) with $150,000 and the developer Dmitry Khovratovich with $10,000. Whiteblock is testing the 2.0 network, Status will receive the additional funds for its work on the nim-lipb2p development and Khovratovich is set to produce a report on Legendre PRF.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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