- The Ethereum Foundation Grants Program is focused on investing the resources of the Ethereum Community into long-term impactful projects
- Seven teams have been given an undisclosed amount to enable them to formulate scaling solutions for the Ethereum network
- The foundation says it’s open to receiving grant proposals that address urgent, essential and unique improvements
In its bid to further the development of the Ethereum smart contracts blockchain and make it more scalable, secure and private, the Ethereum Foundation has released grants to seven development teams to enable them create highly functional solutions that would support its Eth2.0 and layer 2 scaling efforts, according to a blog post on February 21, 2019.
Ethereum Foundation Releases Details of its Grants Program for 2019
According to a blog post by the Ethereum Foundation (EF), seven blockchain development teams have been selected to receive grants that will enable them to work on the scalability issues of the network.
Created in early 2018, the Ethereum Foundation Grants Program is a continually improving experiment focused on using the resources of the Ethereum community to solve vital problems impeding the growth of the ecosystem.
Per the team, the initial scope of the grants initiative was to support scalability efforts, however, its core focus was later expanded to include security, privacy and education.
Development going strong
Despite the bear market, cryptocurrencies, as well as the blockchain technology that power them, keeps seeing significant adoption in the global economy.
Against that backdrop, the Ethereum Foundation has made it clear that its primary area of improvement for 2019 is scalability.
“In 2019, we are returning to our core focus to support critical Eth2.0 and layer 2 scaling efforts. However, we remain open to any grant proposal which addresses urgent, important and unique improvements,” stated the team.
The Matter – will work towards “Productionising Plasma Ignis code, a SNARK-powered solution” that can support 500 transactions per second.
LeapDAO – will work on the Plasma Leap, a Plasma design that supports smart contracts.
Py-libp2p – will create a Python implementation of libp2p which will be used in Eth2.0 research.
Ethereum on ARM – this platform will work towards supporting the continued decentralization of Ethereum by “providing Ethereum client images on resource constrained devices.”