Important facts:
Geth, one of Ethereum’s most popular customers, will be one of the selected teams.
Payments to validation nodes are made in advance, but payouts after d
The Ethereum Foundation started an incentive program for client (or node) software developers this week with the aim of keeping the mainnet long-term and with a view to Ethereum 2.0. All of this through rewards they receive for working with validators given away by the foundation.
In a blog post, the foundation argued that customers who are essential to the network have always had difficulty “grasping values” during their work, Targeting opportunities off the mainnet.
For this reason, and to ensure that customer teams have a strong incentive, the Ethereum Foundation launched the Customer Incentive Program. “This program offers customer teams ETH-labeled rewards that will unlock over time as long as they continue to develop software that meets the performance and security requirements of the core network,” they say.
In detail, each team – 9 in total – receives the equivalent of 144 validators as a prize. In Ethereum 2.0 a validation node [que confirma una transacción] It is activated with the deposit of 32 ETH. This means, that each team receives the sum of 4,608 ETH to operate their node.
“The size of these grants recognizes both the excellent work that has been done over the past few years and the many development challenges ahead,” they say of the Ethereum Foundation.
Regarding the teams, they announced that they were Besu, Erigon, Go-ethereum (Geth), Faro, Lodestar (with 50% participation), Nethermind, Nimbo, Prysm and Teku.
For the Ethereum Foundation is a diverse group of customers a key factor in the health and decentralization of the main networkby ensuring that the innovation “continues at the base layer of the protocol, that the network is resilient to potential attack or failure, and that a broad group of participants are discussing potential changes to the core protocol”.
Geth is one of the customer teams that are rewarded by the Ethereum Foundation / Source: Ethereum Foundation.
ETH deposits in advance
They require deposits to be made to the Validator Node in advance so that the teams can operate immediately. In the meantime, withdrawal eligibility (or ownership of the funds) will be granted for several years until after the merger (The Merge).
In fact, they indicate that the first deposit will be made when the Beacon Chain withdrawals are made, which is the chain that will run Ethereum 2.0.
“In order to receive this and subsequent tranches of Retirement Validation Certificates, teams must continue to support their customers, meet performance benchmarks in the core network, and generally help provide the Ethereum community roadmap as it evolves over time,” they say.
After passing the merger (or merger) – the previous step to ETH 2.0 – and due to the fact that the validators earn transaction fees, “the program will provide the teams with a constant source of income”.
“When the grants are awarded, the teams can do whatever they want with the validators they control, such as:
Absolute discretion with incentives
The foundation also took the opportunity to Highlight Geth’s presence on this showwho they described as “unique” because “they are a team within the Ethereum Foundation”. However, they warn that Geth’s team, like the other listed customers, “will have complete discretion as to the use of these validators, the fees earned and their deposits at ETH as concessions”.
For them, the structure of this program contributes to the health of the network in the long term and guarantees incentives that encourage the creation of safe and effective software. “It’s designed to look back and reward teams that have already delivered production-quality software,” they added.
“We hope it provides a foundation for healthy incentives from top Ethereum contributors. As always, the Ecosystem Support Program is available and seeks to fund previous Ethereum innovative implementation efforts, including new customer teams, ”they conclude.
ETH 2.0 will be postponed for another year
The Ethereum Network Client Incentive Program will be announced when the forecasts for the arrival of Ethereum 2.0 you are still a year too late.
As recorded by CriptoNoticias, Ethereum co-founder Vitalik Buterin celebrated the first anniversary of the Beacon Chain activation with a roadmap highlighting some of the advances this update has made so far. However, the post suggests that Ethereum 2.0 is still lagging behind. Arrival postponed to 2023.
And in the same vein it later became known that the difficulty bomb, which is a mechanism that literally hinders ether degradation, it would be postponed until June 2022.
As this medium reports, the second most important blockchain after market capitalization would undergo a scheduled update at block 13,773,000.
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