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    Ethereum Foundation Grants Nimbus $650,000 To Help Develop ETH 2.0

    A press release sent out to the public on January 28th indicates that Nimbus was recently awarded a grant of $650,000 by the Ethereum Foundation that would enable it to continue working on the Light ETH 2.0 Client. The main goal of this project is to enable embedded devices and smartphones to operate nodes that are smart contracts capable.

    Nimbus was launched by Status in March 2018 as an infrastructure project. In the beginning, it had been imagined as a project that would provide better admittance to the Status application that is installed on all modern smartphones. But as time progressed, the scope of the project was stretched out with the aim of transforming it into something that would be good for the entire Ethereum community.

    Jacek Sieka, the current Nimbus Head of Research had a one-on-one with Cointelegraph and stated that:

    “The R&D performed by the Nimbus team is not specific to Status or The Status Network, but rather designed as a public good for anyone to use, change, and benefit from.”

    Nimbus was started as a collaborative effort between Gitcoin, the Ethereum Foundation, and is co-funded by Status. The money awarded to Nimbus as a grant is set to be used into getting it ready into a state where it can start being produced.

    The upcoming project milestones, according to the project map indicate that testing is the next phase, which will then be followed by the final release of a client that will be capable of supporting the beacon chain from Ethereum.

    About Nimbus

    As is the case with the already existing ETH clients such as Parity and Mist, Nimbus is expected to enable its users to link to the Serenity network that is about to be released by Ethereum.

    The main difference between Nimbus and the existing clients lies in the form of support that it will provide to all devices. It’s a client that intends to provide support to a broad range of devices, and not just servers and computers.

    As things stand at the moment, the ETH blockchain has been seen to take up too many resources, making it unfriendly for use in smartphones.

    Ethereum (ETH) Live Price

    1 ETH/USD =$265.1986 change ~ 5.44%

    Coin Market Cap

    $29.12 Billion

    24 Hour Volume

    $3.12 Billion

    24 Hour VWAP

    $258

    24 Hour Change

    $14.4258

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    Daniel W
    Daniel W
    Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

    [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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