Ethereum’s diverse customer ecosystem is the foundation of everything we build together. This includes both execution layer And consensus layer clients, both of which are essential parts of Ethereum’s post-merger future.
Supporting execution layer clients (formerly “Eth1”) remains one of the Ethereum Foundation’s highest priorities. These client teams have supported Ethereum’s growth over the past several years and will continue to provide critical infrastructure for the network post-merger as Ethereum transitions to a proof-of-stake consensus system. Since January 2020, EF has spent more than $10 million on execution-level customer R&D. Our unwavering support will continue as these teams adapt and evolve with the broader community.
At the same time, we believe it is healthy for Ethereum customers to receive funding and support from a broader range of community stakeholders, reflecting the growth and diversification of the ecosystem.
Collaborative efforts, and especially those dedicated to supporting teams and builders that maintain a diverse set of Ethereum clients, are a sustainable and effective way to benefit Ethereum in the long term.
Build together
Today we are delighted to announce that Compound Grants, Kraken, Pool, Synthetix, The graph And Uniswap grants are donating $250,000 each to support Ethereum execution layer client teams. This project is the result of several months of work, and will complement the significant funding provided by the Ethereum Foundation this year. This fundraising will have no impact on the FE’s ongoing financial support for these teams.
The support of competent and leading entities from all sectors will strengthen and promote the innovations underway on Ethereum.
This project represents an effort to ensure the long-term growth, health, and decentralization of Ethereum. Each of these can be illustrated by the diversity of customers, the strength of the teams themselves, and our confidence that Ethereum will continue to succeed as they succeed.
Why start with this approach?
Part of our goal with this first round is to reduce the risks of relying on a single team or entity, as we all work to maintain quality open source products in a diverse, decentralized, and sustainable way .
We continue to work towards more decentralized funding mechanisms for Ethereum public goods, and this is another step that allows larger groups of participants to directly support client development and maintenance.
Recipients
With this goal of customer diversity and network success at heart, we are proud to announce the winners of this round: BĂ©su, Erigon, Geth, Void SpiritAnd Nimbus.
As a public good, Ethereum benefits from shared responsibility. This is true in terms of customer diversity as well as the depth and breadth of the ecosystem’s ability to support itself.
Ethereum is a project with the potential to change and improve the very heart of human, social and commercial interactions on a global scale. With groundbreaking applications and innovations on the network and ever-increasing adoption, the Ethereum community is pushing the boundaries of what is technically and technologically feasible every day. We are excited to take this next step to continue this growth and ask that you join us in our efforts to strengthen Ethereum by ensuring that Ethereum remains a diverse and sustainable project, and one that will be maintained by many for a long time. . 🚀
