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 EthereumEthereum 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.
Hudson Jameson: It's time to market Ethereum to the world
Hudson Jameson has been an Ethereum believer since it was proposed in late 2013 by co-founder Vitalik Buterin—and has been following Bitcoin since 2011. All this time, he’s held one belief; building great technology is the way to see it adopted worldwide. A phrase often used to describe this is, “If you build it, they will come.” But yesterday, he decided to throw that strategy out of the window. “I used to be in the ‘focus on the technology and building above marketing’ group when it came to Et...
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 been spiking in the past few months, hitting highs of 90%. Should it reach 100%, the network will slow down considerably and become more expensive to use, making it harder for businesses to build on it.
That’s why Nimbus is written in Nim, a lightweight programming language that’s built to work on phones—particularly older ones that aren’t so powerful.
Nimbus was created in 2018 by The Status Network, which produces decentralized applications, infrastructure and tools designed to help local communities “transact securely, communicate freely, and organize with confidence,” according to a press statement.
The Status Network also supports Vac, a protocol for modular peer-to-peer, censorship resistant messaging; Keycard, an open payments network; and decentralized financial tools Assemble and Teller.
