Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client

Published at: Jan. 28, 2020

The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow 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. As Jacek Sieka, Head of Research at Nimbus, told Cointelegraph:

“The R&D performed by the Nimbus team is not specific to Status or The Status Network, but rather designed as a public good for anyone to use, change, and benefit from.”

Nimbus is co-funded by Status, the Ethereum Foundation and, in small amounts, by Gitcoin grants. The foundation has committed a total of $1.65 million so far.

These funds will be used to get Nimbus into a production-ready state, as the next milestones will involve the testing and eventual release of a client supporting Ethereum’s beacon chain.

What is Nimbus?

Like existing Ethereum (ETH) clients such as Mist and Parity, Nimbus will allow users to connect to the upcoming Ethereum Serenity network.

Its primary distinction is its planned support for devices other than computers or servers. The Ethereum blockchain is currently too resource-taxing to be 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 way 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, not only wallet functions.“

Devices that will be able to support Ethereum nodes also include the Raspberry Pi, point of sale units and other embedded devices. As people in the developing world do not always have access to the latest hardware, Nimbus will purportedly “democratize blockchain use around the world and provide the technology to people who need it most,” added Sieka.

Given that the project relies on Ethereum 2.0 development, further slips in its roadmap would also affect Nimbus. Sieka considers the relationship with Serenity as symbiotic, with its roadmap helping “coordinate priorities and focus.” 

But with the Ethereum Foundation estimating it would take several years to complete Serenity, Nimbus’ full vision is still quite far from being implemented in practice.

Tags
Related Posts
Why is there so much uncertainty in the crypto market right now? | Market Talks with Crypto Jebb and Crypto Wendy O
In the fourth episode of Market Talks, we welcome YouTube media creator and crypto educator Crypto Wendy O. Wendy became interested in cryptocurrency and blockchain technology in November 2017. She has been into crypto full-time since the summer of 2018 and focuses on providing transparent marketing and media solutions for blockchain companies globally. Wendy also offers free education via YouTube and Twitter to her growing audience of over 170,000, giving her the largest following of any female crypto influencer in the world. Some of the topics up for discussion with Wendy are the new consumer price index numbers and how …
Decentralization / July 14, 2022
Death and self-custody: How to pass on your crypto when you die
The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s crypto assets due to private keys being taken to the grave, and emphasized the importance of discussing crypto assets …
Nft / Jan. 11, 2023
Ether wallet addresses with at least 1 ETH hit record high
The Bitcoin (BTC) bull run may be dominating headlines, but the stalwart cryptocurrency isn’t the only coin to be showing strong positive indicators. According to data from Glassnode alerts, the number of Ether (ETH) wallet addresses holding a minimum of 1 ETH hit an all-time high on Nov. 19: #Ethereum $ETH Number of Addresses Holding 1+ coins just reached an ATH of 1,170,598 Previous ATH of 1,170,508 was observed earlier today View metric:https://t.co/IuKpD48IXd pic.twitter.com/jOvadjvSgK — glassnode alerts (@glassnodealerts) November 19, 2020 As of press time, Ether is trading at over $500, continuing a strong upward trend that kicked off at …
Adoption / Nov. 20, 2020
Ethereum Name Service Adds Multicoin Support
Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be expanded in the coming weeks. Among the new wallets committed …
Ethereum / Oct. 20, 2019
LinksDAO likely to put in ‘compelling offer’ to buy Scottish golf course
The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000. LinksDAO — self-described as a “global group of golf enthusiasts” that is on a mission to build the “world’s greatest golf community” — officially opened the proposal vote on Feb. 20, which came after a few weeks of informal deliberation. It would be the DAO’s first ever golf course purchase. few things in life are more fun than doing what you said you were going to do, regardless of adversity i will …
Nft / Feb. 22, 2023