PANews reported on August 29th that the Ethereum Foundation announced that it is optimizing the focus areas and implementation paths of the Ecosystem Support Program (ESP). As part of the transition, it has temporarily suspended public grant applications. This adjustment will buy the Foundation time to redesign its funding model, shifting its focus to strategic initiatives, from reactive to proactive, while also supporting the priorities of other teams within the Ethereum Foundation. The Foundation mentioned that it has continuously optimized its processes and improved efficiency over the past three years, but as a public grant program with limited resources and a wide coverage, the influx of applications has consumed a large portion of its time and energy, making it difficult to free up resources to explore new strategic opportunities. The Foundation will continue to fund Ethereum public products and accept applications, but will adopt a new approach, with specific details to be announced in a future announcement. The optimized focus areas and implementation path for the ESP will be announced in Q4 2025.PANews reported on August 29th that the Ethereum Foundation announced that it is optimizing the focus areas and implementation paths of the Ecosystem Support Program (ESP). As part of the transition, it has temporarily suspended public grant applications. This adjustment will buy the Foundation time to redesign its funding model, shifting its focus to strategic initiatives, from reactive to proactive, while also supporting the priorities of other teams within the Ethereum Foundation. The Foundation mentioned that it has continuously optimized its processes and improved efficiency over the past three years, but as a public grant program with limited resources and a wide coverage, the influx of applications has consumed a large portion of its time and energy, making it difficult to free up resources to explore new strategic opportunities. The Foundation will continue to fund Ethereum public products and accept applications, but will adopt a new approach, with specific details to be announced in a future announcement. The optimized focus areas and implementation path for the ESP will be announced in Q4 2025.

The Ethereum Foundation announced that it will optimize the focus areas and implementation paths of the Ecosystem Support Program (ESP).

2025/08/29 22:11

PANews reported on August 29th that the Ethereum Foundation announced that it is optimizing the focus areas and implementation paths of the Ecosystem Support Program (ESP). As part of the transition, it has temporarily suspended public grant applications. This adjustment will buy the Foundation time to redesign its funding model, shifting its focus to strategic initiatives, from reactive to proactive, while also supporting the priorities of other teams within the Ethereum Foundation. The Foundation mentioned that it has continuously optimized its processes and improved efficiency over the past three years, but as a public grant program with limited resources and a wide coverage, the influx of applications has consumed a large portion of its time and energy, making it difficult to free up resources to explore new strategic opportunities.
The Foundation will continue to fund Ethereum public products and accept applications, but will adopt a new approach, with specific details to be announced in a future announcement. The optimized focus areas and implementation path for the ESP will be announced in Q4 2025.

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The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
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BitcoinEthereumNews2025/09/18 00:09