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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide