RATE Group | Nimbus gets $650,000 grant to take Ethereum mobile
77432
wp-singular,post-template-default,single,single-post,postid-77432,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Nimbus gets $650,000 grant to take Ethereum mobile

29 Jan Nimbus gets $650,000 grant to take Ethereum mobile

Posted at 02:11h in Ethereum News by

[ad_1]

The Ethereum Foundation has granted a further $650,000 to Nimbus, a project that’s building infrastructure for Ethereum 2.0—the next step in Ethereum’s evolution. Nimbus has now received a total of $1.65 million from the foundation.

The point of Nimbus is to research how to run a version of Ethereum on smaller devices, the team told Decrypt.

“We have been making good progress on Nimbus and this grant enables us to not only continue our R&D of the Eth2.0 client, but also explore additional areas of focus which can make Nimbus an even more versatile and important piece of infrastructure and accelerate the upcoming development phases,” said Jacek Sieka, Head of Research at Nimbus, in a statement.

Part of the project is to work out how to make Ethereum scale, so that more businesses can use it concurrently and run more power-hungry applications.

The Ethereum Foundation is looking for ways to scale its platform because it’s almost full to bursting. Network utilization has…

[ad_2]

Source link