ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Nov 17th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Ethereum Foundation Makes A Splash With Wave 4 Grants

By

Daniel

Putney

WriterETHNews.com

Various individuals and organizations within the Ethereum community have received funds for their projects, with a large slice of the pie going to the mobile Dapp browsing provider Status.

On Monday, October 15, the Ethereum Foundation announced the recipients of its fourth wave of grants. Grantees range from Prototypal and Finality Labs to TrueBlocks and Gitcoin. Although the foundation routinely funds research and development (R&D) into scalability, security, usability, and education, the most recent wave features double the amount of scalability grantees (six compared to three in the previous wave).

Another key distinction this time around is a focus on "client diversity" initiatives (or projects exploring different approaches to Ethereum 2.0 client development). About one-third of the wave's approximately $3 million worth of funds was allocated to these projects, which includes clients being developed by Sigma Prime, Prysmatic Labs, and Status. The latter two organizations were awarded the largest portions of the funding pool, both receiving $500,000 to further develop their clients.

Status noted that this grant will allow the team to take "a more focused development" approach regarding scalability and Ethereum 2.0 implementation. As ETHNews previously reported, Status' scalability project is called Nimbus, which uses the Nim programming language. The crew believes its scalability work is compatible with the overall goal of the Ethereum Foundation, that of mass adoption for the Ethereum network.

Status Chief Operating Officer Nabil Naghdy told ETHNews about some of the specific issues the team is working on:

"Translating the latest Ethereum 2.0 research like BN [Barreto-Naehrig] curves, BLS [Boneh-Lynn-Shacham] signatures and RANDAO [random number generation] games into practical, performant and reusable libraries to provide fertile exploration ground for further R&D.

Ensuring the design of Nimbus as a common good with liberal licensing to allow the widest deployment of Ethereum 2.0 possible. 

Exploring the technologies like libp2p [a peer-to-peer networking stack] and mesh networking, broadening the reach of Ethereum to restricted networks and limited connectivity setups."

The Status team also emphasized the importance of collaboration for future scalability R&D. The crew's recent award brings it "closer not only to the Ethereum Foundation" but also to "the other brilliant teams and recipients" of the foundation's grant program.

Applications for the foundation's fifth wave of funding are currently being accepted.

Daniel Putney

Daniel Putney is a full-time writer for ETHNews. He received his bachelor's degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ethereum Foundation, Nabil Naghdy or other Ethereum ecosystem news.