Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client
Nimbus Receives Ethereum Foundation Grant to Work on Light two.0 Client
Nimbus received a $650,000 grant from Ethereum Foundation to realize its vision of light Ethereum 2.0 clients running on smartphones and Raspberry Pi devices.
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The Ethereum Foundation awarded a $650,000 grant to Nimbus for standing its work on calorie-free Ethereum 2.0 clients, a Jan. 28 press release appear. The projection's goal is to permit smartphones and embedded devices to run smart contract-capable nodes.
Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app on all smartphones, its scope was later expanded into a public good for Ethereum. Every bit Jacek Sieka, Head of Inquiry at Nimbus, told Cointelegraph:
"The R&D performed by the Nimbus team is not specific to Status or The Condition Network, but rather designed as a public good for anyone to use, change, and benefit from."
Nimbus is co-funded by Condition, the Ethereum Foundation and, in small-scale amounts, by Gitcoin grants. The foundation has committed a total of $i.65 meg so far.
These funds will be used to become Nimbus into a production-ready state, equally the next milestones will involve the testing and eventual release of a customer supporting Ethereum's beacon concatenation.
What is Nimbus?
Like existing Ethereum (ETH) clients such as Mist and Parity, Nimbus will allow users to connect to the upcoming Ethereum Tranquillity network.
Its primary distinction is its planned back up for devices other than computers or servers. The Ethereum blockchain is currently too resource-taxing to exist executed on a smartphone. Any phone-based wallet needs to connect to an external node, an arrangement dubbed Simplified Payment Verification (SPV).
As Sieka explained, Nimbus will allow weaker devices to fully connect to the network:
"The fashion we are building and designing Nimbus lends itself to more than an SPV wallet replacement. It will have the capabilities of processing and managing any type of smart contract transaction, non but wallet functions."
Devices that will be able to support Ethereum nodes too include the Raspberry Pi, indicate of sale units and other embedded devices. Every bit people in the developing world exercise non ever have admission to the latest hardware, Nimbus will purportedly "democratize blockchain utilize around the globe and provide the technology to people who demand it virtually," added Sieka.
Given that the project relies on Ethereum ii.0 evolution, further slips in its roadmap would also touch on Nimbus. Sieka considers the human relationship with Serenity every bit symbiotic, with its roadmap helping "coordinate priorities and focus."
Simply with the Ethereum Foundation estimating it would take several years to complete Serenity, Nimbus' total vision is still quite far from beingness implemented in practise.
Source: https://cointelegraph.com/news/nimbus-receives-ethereum-foundation-grant-to-work-on-light-20-client
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