Ethereum

Foundation

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The <a href="https://u.today/spot-ethereum-etf-promoted-by-coinbase-details" rel="noopener noreferrer nofollow">Ethereum Foundation</a> has made a pivotal announcement that is set to <a href="https://esp.ethereum.foundation/zk-grants" rel="noopener noreferrer nofollow">inspire</a> research and development in the area of Zero-Knowledge proofs and standards for ZK L2s. With the launch of the first round of ZK funding, the foundation has partnered with key players in the blockchain space: Aztec, Polygon, Scroll, Taiko and zkSync. Each partner has contributed $150,000 to a shared prize pool, amassing a considerable $900,000 in total funds dedicated to this initiative.
This unprecedented collaborative grants round, a novel endeavor for the Ethereum Ecosystem Support Program, seeks to harness both the financial backing and the extensive technical know-how of the participating L2 solutions. The shared objective is to propel the Ethereum network forward by fostering advancements that could redefine the scalability and privacy of the blockchain. <img alt="ETH Foundation" data-entity-type="file" data-entity-uuid="0b238631-f0c5-4d75-a53e-8f05d2bab376" src="https://u.today/sites/default/files/inline-images/image_503.png">Source: <a href="https://esp.ethereum.foundation/zk-grants" rel="noopener noreferrer nofollow">Ethereum Foundation</a>
The focus of this grants initiative is manifold, targeting a plethora of areas within the Zero-Knowledge space. The high-level topics of interest range from performance benchmarking across various proof systems and client implementations, to the development of tools that enhance the developer experience (DevX) for ZK-DSLs. Furthermore, the initiative looks to establish publicly accessible benchmarks for the security and risks associated with Zero-Knowledge Rollups (ZKRs) and bridge technologies.
For those looking to apply, the Ethereum Foundation has set out specific application requirements. Proposals must be detailed in their approach, including a comprehensive description, budget and timeline, and be accompanied by an applicant profile and a public repository or link to published work. With a proposal template provided for guidance, the initiative is open to a wide range of projects at various stages of development, from mere ideas to fully fleshed-out solutions.
Eligibility for the grant extends to projects that align with the round's stated goals and wishlist, are open-source with a permissive license and offer public goods that benefit the growth and development of the Ethereum ZK L2 ecosystem.

Ethereum Foundation Releases Important Announcement

U_Today

Other articles published on Feb 22, 2024

Crypto Scam Exposed: Kenyans Fall Victim to Fake Marathon Digital Holdings Scheme

6 Best Altcoins to Invest in Right Now February 22 – SingularityNET, OKB, The Graph

Grayscale Investments Files For Privacy ETF With Emphasis on ZCash

Spot Ethereum ETF: CBOE Files Franklin Templeton’s 19b-4

Analyst Predicts $500,000 Per Bitcoin (BTC) If This Happens

Green Bitcoin: Sustainable Energy Usage Surges To Record 55% High

Join our free newsletter for daily crypto updates!