Erigon Receives $200,000 Grant from BNB Chain to Support Ethereum Client Advancement
On April 29th, according to official sources, Erigon, an Ethereum client, stated that it had received a grant worth $200000 from BNB Chain to support its advancement in the develop
On April 29th, according to official sources, Erigon, an Ethereum client, stated that it had received a grant worth $200000 from BNB Chain to support its advancement in the development of a technology roadmap. This grant will help Erigon move closer to the “efficiency boundary” achieved by Ethereum derived blockchain, including the three main goals on the roadmap: Erigon 3, Erigon 4 (with upcoming updates), and Caplin.
Ethereum client Erigon receives a $200000 grant from BNB Chain
Introduction
Erigon, an Ethereum client, has received a grant worth $200,000 from BNB Chain on April 29th. This grant will be used to support the development of a technology roadmap and to help Erigon move closer towards the “efficiency boundary” achieved by Ethereum derived blockchain.
Erigon – Ethereum Client Overview
Erigon is a widely recognized Ethereum client that not only matches the technical specifications of its parent blockchain Ethereum but also adds several new features that enhance the functionality and efficiency of the blockchain. It is an independent Ethereum Virtual Machine (EVM) implementation that aims to make blockchain technology more accessible, user-friendly, and efficient.
Details of the Grant
BNB Chain, the native blockchain of Binance Coin (BNB), has granted Erigon $200,000 to support its advancement in the development of a technology roadmap. This grant will help Erigon achieve its three main objectives: Erigon 3, Erigon 4 (with upcoming updates), and Caplin.
What is Erigon 3?
Erigon 3 is the latest version of the Erigon client that includes a significant upgrade to the client architecture. The upgrade aims to provide a more seamless experience to users while operating on the Ethereum network. Erigon 3 will feature better synchronization, blockchain performance, and improved database optimization.
What is Erigon 4?
Erigon 4 is currently under development, and it aims to provide further upgrades to the client performance, security, and architecture. It will also include a superior user interface and help Ethereum blockchain scale to accommodate increased network usage.
Caplin
Caplin is a significant upgrade in the Erigon technology roadmap. It features an optimization of the client’s blockchain performance that will help the Ethereum network to achieve new heights. Caplin update aims to implement better communication protocol between the Ethereum nodes, which is intended to make Ethereum network more efficient and secure.
Conclusion
Thanks to the grant received from BNB Chain, Erigon can now continue to finalize its technology roadmap and further improve its Ethereum client to achieve new efficiency frontiers. The upcoming updates will be eagerly followed by blockchain enthusiasts and investors.
FAQs
1. What is an Ethereum client?
An Ethereum client is a software program that connects Ethereum blockchain to the internet. It enables users to interact with the blockchain technology and participate in Ethereum network to perform various digital transactions.
2. What is BNB Chain?
BNB Chain is the native blockchain of the Binance Coin (BNB) and is frequently used in Binance’s decentralized exchange (DEX) platform to power the trading of various crypto assets.
3. What is an EVM implementation?
The Ethereum Virtual Machine (EVM) is a powerful, sandboxed environment that runs smart contracts, decentralized applications, and executes the transactions of the Ethereum network. An EVM implementation is a software program that runs on the EVM and implements Ethereum’s technical specifications to enable users to interact with the blockchain.
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