Erigon Receives $200,000 Grant from BNB Chain for Technology Roadmap Development

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

On April 29th, Erigon, an Ethereum client, announced that it has received a grant worth $200,000 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.

What is Erigon?

Erigon is an open-source Ethereum client intended to achieve better efficiency, improve software maintainability, and promote decentralization. The Ethereum network is a distributed, blockchain-based platform designed to enable smart contracts and decentralized applications (DApps).

Understanding Ethereum Derivatives

Ethereum derivatives are blockchain-based platforms that are derived from the Ethereum network. These derivatives seek to enhance the efficiency, reliability, and scalability of Ethereum. These enhancements arise through the creation of updated and upgraded blockchain app development frameworks, called Ethereum clients.

The Significance of BNB Chain’s Grant for Erigon

Erigon’s receipt of a $200,000 grant from BNB Chain presents an opportunity for the Ethereum-based blockchain software development firm to advance and achieve its three main goals: Erigon 3, Erigon 4 (with upcoming updates), and Caplin.

Erigon 3

The Erigon 3 goal aims to improve the efficiency of the Ethereum blockchain network by reducing disk storage requirements to 50 Gigabytes (GB) with support for pruning modes Partial-Sync and Snap-Sync for nodes. The milestone will be instrumental in reducing the storage requirements for Ethereum client nodes’ synchronization.

Erigon 4 (with upcoming updates)

The Erigon 4 goal aims to improve on the innovation of Erigon 3. By reducing the disk storage required for a full Erigon node to 30 GB, Erigon 4 seeks to enable decentralized applications to operate on low-memory machines in resource-constrained environments. Moreover, it will include various performance improvements and added functionalities.

Caplin

Caplin aims to make Erigon client compatible with the Ethereum 2.0 upgrade. The Ethereum 2.0 upgrade intends to switch Ethereum from its current Proof-of-Work consensus to Proof-of-Stake consensus. The upgrade seeks to improve the security, speed, and scalability of the Ethereum blockchain network.

Impact of the BNB Grant on the Blockchain Space

The BNB Chain’s grant to Erigon shows a growing trend in the blockchain technology space: companies within the blockchain space are continually looking for efficient ways to solve blockchain-based challenges, especially scalability, efficiency, and speed. By offering grants to innovation-driven blockchain development firms like Erigon, BNB Chain is recognizing, investing, and supporting innovative ideas that can transform the overall blockchain ecosystem.

Conclusion

The blockchain-based ecosystem is experiencing growth with increasing support from firms looking to invest in these innovators to augment blockchain development and help solve various issues facing the technology. As seen with the BNB Chain’s grant to Erigon, blockchain innovation and development are gaining traction, leading to initial success in achieving the efficiency boundary of the Ethereum-derived blockchain

FAQs

**1. What is Erigon?**
Erigon is an open-source Ethereum client intended to achieve better efficiency, improve software maintainability, and promote decentralization.
**2. What are Ethereum derivatives?**
Ethereum derivatives are blockchain-based platforms that are derived from the Ethereum network. These derivatives seek to enhance the efficiency, reliability, and scalability of Ethereum.
**3. Who gave Erigon a $200,000 grant?**
Erigon received a $200,000 grant from BNB Chain to support the advancement of its technology roadmap.
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