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Ethereum Client Incentive Program: Support for Ethereum developers



To further advance development and innovation for Ethereum users, the Ethereum Foundation has started a new program.


On December 13th, the Ethereum Foundation launched the Client Incentive Program . The main objective of the program is to promote the diversity of developments in the Ethereum ecosystem .


The announcement goes on to say that in the past it has been difficult for client developers to get added value from the network, even though they are indispensable for it. The new program is therefore intended to ensure that the developers have a strong incentive to maintain the network in the long term.


Rewards for developers of Ethereum clients

The program offers the developers rewards in ETH that will be unlocked over time. The prerequisite for this is that you continue to develop software that meets the requirements of the Ethereum mainnet.


"The program structure ensures that the teams are focused on the long-term health of the network and have an incentive to develop safe and powerful software."


Each development team will receive grants totaling 144 validators or 4,608 ETH worth approximately 17.8 million US dollars at current prices for work on the mainnet . Teams eligible for the program include Besu, Erigon, Go Ethereum (Geth), Lighthouse, Lodestar, Nethermind, Nimbus, Prysm, and Teku.


The funds are made available immediately, but the payouts are released over several years. As soon as the connection between the ETH 1-Chain and the ETH 2- Beacon-Chain has been established, the program offers the teams a regular income . Because validators receive the income from the transaction fees. Staking will also be another source of income. The connection of the chains is planned for the first quarter of 2022.



In April 2022 there will be a week-long developer conference called Devconnect in Amsterdam , where independent Ethereum events will take place.


At the time of this article, 8.62 million ETH are staking on the Beacon Chain . That equates to about 7.26% of the total supply and at current prices equates to about $ 33.3 billion. Ethereum stakers currently benefit from an annual return of 5.2% . Since the London upgrade in August, 1.19 million ETH have been devalued in the network . This currently corresponds to a value of about 4.6 billion US dollars. This means that at the current rate, around 7,000 ETH, or $ 27 million US, will be devalued every day.


Ethereum prices are currently on a downward trend as the crypto market continues to correct . On December 15, the ETH price was at $ 3,860 after falling 10% in the previous week. The price is currently almost 20% below its previous all-time high of November 10th at $ 4,878. Bloomberg analysts remain bullish on deflationary assets like Ethereum through 2022 .

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