The Ethereum Foundation announces the multi-million grant program for expansion studies

nRunaway Comment: The Ethereum Foundation officially announced two subsidy programs to study how to increase the transaction volume of Ethereum blockchain. Ethereum founder also mentioned in the blog network volume, and expansion is the key to universal application of Ethereum. Fragmentation and the two protocols are currently seeking developers to implement the program in the Ethereum test network, will give the applicant subsidies. And in the future these people can also participate in the implementation of the expansion program on the main web.n
nTranslation: Annie_Xun
The Ethereum Foundation, which monitors non-profit institutions developed by Ethereum, officially announced two subsidy programs to study how to increase the transaction throughput of Ethereum’s blockchain.n
Tuesday’s blog, Vitalik Buterin, founder of Ethereum, describes the network’s daily trading volume starting at 1 million. He believes that expanding the network is the only key technology challenge that developers need to address before the popularity of blockchain applications.n
Therefore, these subsidy programs are designed to motivate developers to implement two expansion proposals: sharding and layer-two agreements based on existing blockchain.n
Fragmentation is the process of verifying transactions by some nodes in the blockchain without the need of each node. At the moment, the developer of Ether will complete the specification of the fragmentation protocol and look for teams to execute and publish on the Ethereum test network.n
On the other hand, the two-tier agreement is a different way. It places deals under the Ethereum blockchain main network. In order to process the transaction, the network allows the transaction to enter and leave the blockchain but does not actually process the transaction.n
According to the blog post, the subsidy for each program ranges from $ 50,000 to $ 1 million, covering development costs. Successful teams in both solutions will be able to participate in Ethereum’s main network protocol implementation in the next phase.n
In addition to research conducted by Ethereum developers, the foundation needs third-party attention to scaling up.n
Buterin’s blog wrote:n
n”We also welcome independent development teams, companies, universities and academic groups to apply. We understand that different types of applicants may require different formats and processes. We are willing to flexibly meet the needs of individual teams.”n

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