Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: ABCbits on February 19, 2024, 11:41:15 AM
-
Coinbase's GiveCrypto Donates $3.6 Million To Brink To Fund Bitcoin Developers
GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong "to make direct donations to people in need", has made a significant donation of $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers.
Brink, founded by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to provide financial support and mentorship to promising developers working on open-source Bitcoin development. Interested Bitcoin developers can apply for fellowships and grants from Brink, and see a current list of grantees and alumni on their website here... Read more here (https://bitcoinmagazine.com/business/coinbases-givecrypto-donates-3-6-million-to-brink-to-fund-bitcoin-developers).
AFAIK usually company give donation or pay experienced Bitcoin developer. So beside from big amount money, it's also great to see it's directed to train new/promising developer. Your opinion is greatly appreciated.
-
A good initiative by Coinbase CEO Brian Armstrong, such donations definitely help encourage Bitcoin developers, especially new ones who are enthusiastic but do not have enough support.
In fact, there are many problems that the Bitcoin network suffers from, and it would be good to support developers interested in finding solutions to these problems and developing the network to obtain the best performance.
I also hope that there will be a move to support second-layer solutions, such as Bitcoin Lightning, which were long overdue, even though work on developing them has been ongoing for many years.
-
I also hope that there will be a move to support second-layer solutions, such as Bitcoin Lightning, which were long overdue, even though work on developing them has been ongoing for many years.
I just checked Brink website and found out their grant apply to second-layer stuff.
The grant program awards year-long grants to established Bitcoin protocol developers to work full time on open source Bitcoin projects. Our primary focus is on the security and stability of the base protocol, but we will also fund research and development on extending functionality, scalability and usability of Bitcoin and related projects, including Lightning and other layer two technologies.
And they also list 3 people (who received the grants) works on LN.