TL;DR
- Joint initiative: The Ethereum Foundation and collaborators allocate $900,000 to promote ZK Layer 2 projects.
- Objective: Improve efficiency and security in Ethereum with a focus on benchmarking and development tools.
- Open application: Innovative proposals are sought at any stage of development to enhance the ZK ecosystem.
The Ethereum ecosystem is experiencing a significant push towards innovation and development with the launch of the first Round of ZK Grants (zero-knowledge proofs).
In collaboration with Aztec, Polygon, Scroll, Taiko, and zkSync, the Ethereum Foundation has committed $900,000 to support initiatives that drive research and development around zero-knowledge proofs and standards for ZK Layer 2 (L2) solutions.
📣 The first ZK Grants Round is now open!
The Ethereum Foundation, in collaboration with Aztec, Polygon, Scroll, Taiko, and zkSync, contributed $150K each to the shared prize pool, totaling $900K.
Apply before March 18th! 👇https://t.co/u1lGRfc4CV
— Ethereum Foundation (@ethereum) February 21, 2024
Zero-knowledge proofs are cryptographic techniques that allow one party to prove to another the truth of a claim without revealing any additional information beyond the validity of the claim itself.
This Ethereum approach has important implications for privacy, security and scalability in blockchain systems
Key topics of interest for the proposals include performance benchmarking for different types of test systems, improvements to the development experience and efficiency of ZK domain-specific languages, and frontend and forced inclusion tools for test-based solutions. validity and zero knowledge.
The deadline for submitting proposals ends on March 18, providing interested parties with a specific time frame to prepare and submit their proposals.
Applications must include a detailed description, budget, timeline, applicant profile, and link to a public repository or published work.
The initiative welcomes proposals at any stage of development, from the idea phase to more established blockchain projects.
Project selection will be carried out by evaluating various criteria, such as potential impact on the Ethereum ecosystem, value and benefit to multiple Layer 2 solutions, clarity of documentation, and the applicant’s ability to execute the project. proposed.
This collaboration between the Ethereum Foundation and various entities highlights the shared commitment to supporting research and development around zero-knowledge proofs and standards for ZK Layer 2 solutions.
This initiative is expected to drive innovation in the Ethereum ecosystem and promote the adoption of more secure, efficient and scalable solutions.
