Ethereum Foundation Launches Client Incentive Program for Network Maintainers

Ethereum Foundation has announced the launch of the Client Incentive Program to ensure that client teams have a long-term incentive to maintain the network.

Aya Miyaguchi, Executive Director of Ethereum Foundation, made this announcement on 14th December via her official Twitter handle.

In the tweet, Miyaguchi acknowledged the importance of clients to the health and decentralization of the Ethereum network, making the newly launched program essential.

Aya Miyaguchi tweeted, “We strongly believe that a diverse set of clients is essential to Ethereum’s health and decentralization. To ensure that client teams have a long term incentive to maintain the network, the Ethereum Foundation has launched the Client Incentive Program.”

According to Miyaguchi, the program is a means for the Ethereum community to indirectly appreciate the teams that focused on building, maintaining, and supporting the network.

“And although the name says “Incentive”, we hope that the program also symbolizes the appreciation the Ethereum community has for the teams who have remained focused on building and maintaining the public goods that support the network.”

What Teams in the Program Will Receive

To operate on mainnet, teams in the program will specifically receive a total of 144 validators each, which is equivalent to 4608 ETH, according to the blog post captioned in the announcement.

“The size of these grants recognizes both the excellent work performed over the past few years and the many development challenges expected well into the future. One team, whose client is more recently mainnet compatible than their peers, has been included in the program with a 50% stake.”

The clients eligible for the program are, Besu, Erigon, Go-ethereum (geth), Lighthouse, Lodestar (50% stake), Nethermind, Nimbus, Prysm, and Teku.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.