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Ethereum Foundation Releases Important Announcement

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Thu, 22/02/2024 - 10:29
Ethereum Foundation Releases Important Announcement
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The Ethereum Foundation has made a pivotal announcement that is set to inspire 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.

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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.

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Source: Ethereum Foundation

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.

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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.

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