1. BITBILIHome
  2. Article

Brink receives $5 million donation from Jack Dorsey’s Start Small initiative to support Bitcoin developers

• 125 views

TL;DR Breakdown

  • Jack Dorsey’s Start Small initiative donates $5 million to Brink, a nonprofit supporting Bitcoin developers.
  • The funds will be distributed over five years, with $1 million given annually to fuel the growth of the Bitcoin ecosystem.
  • Brink plays a vital role in funding and supporting open-source Bitcoin developers, contributing to improving the technology.

In another move to fuel the growth of the Bitcoin ecosystem, tech mogul Jack Dorsey has pledged a $5 million donation to Brink, a nonprofit organization supporting open-source developers in the Bitcoin space. The donation will be spread over five years, with $1 million being contributed annually. This contribution is part of Dorsey’s philanthropic initiative, Start Small, which he established in 2020 to provide relief during the COVID-19 pandemic.

The funds provided by Dorsey will play a crucial role in supporting core developers working on the Bitcoin network. Brink grants have already enabled developers like Fabian Jahr to work full-time on Bitcoin Core, allowing them to make significant contributions to the world’s largest cryptocurrency.

Brink emerges as a leading funder of Bitcoin developers with the support of Jack Dorsey’s donation

Founded in 2020 by former Chaincode Labs developer John Newbery and Blockstream alumnus Mike Schmidt, Brink has quickly established itself as a top funder of Bitcoin developers. The nonprofit organization aims to strengthen the Bitcoin protocol and network through research, development, funding, education, and mentoring.

Jack Dorsey’s $5 million donation adds to Brink’s existing funding sources, which include a $150,000 donation from cryptocurrency exchange Kraken and support from investor John Pfeffer and Xapo CEO Wences Cesares. With this contribution, Dorsey continues his mission to bolster underground Bitcoin improvement efforts, following his establishment of Spiral, a non-profit dedicated to supporting developers, and his $10 million donation to OpenSats, another non-profit focused on open-source Bitcoin development.

Brink’s fellowship and grant programs provide crucial support to open-source Bitcoin developers and engineers, ensuring the continued improvement of the technology. By investing in research and development, Brink aims to enhance the privacy, scalability, and overall functionality of the digital payment system, ultimately making it more accessible to a wider audience.

With the growing support from prominent figures like Jack Dorsey and various digital asset firms, Brink is at the forefront of funding initiatives encouraging developers to contribute their expertise to the Bitcoin ecosystem. These efforts are vital for the ongoing innovation and advancement of the cryptocurrency industry.

In a space where collaboration and community support are key, Brink’s work is crucial in driving the evolution of Bitcoin technology. With Jack Dorsey’s significant donation backing, the organization can further its mission to empower Bitcoin developers and pave the way for a decentralized and inclusive financial future.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Brink receives $5 million donation from Jack Dorsey’s Start Small initiative to support Bitcoin developers

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月19日 19:07
Next 2023年6月19日 20:58

Related articles

  • Social Media sentiment holds the key to Crypto profits – study

    TL;DR Breakdown The study found that sentiment expressed on social media platforms was a strong predictor of crypto returns, whereas sentiment derived from news media did not have the same impact. Despite being considered a highly volatile asset, the researchers found that market exuberance positively influenced momentum without significantly affecting volatility. The paper posits that sentiment impacts crypto returns primarily through price perception and demand shocks, rather than through the traditional risk premium channel. Description A recent study conducted by researchers at Pennsylvania State University delved into the relationship between social media, attitudes, emotions, and the cryptocurrency market. The findings of their analysis may challenge conventional wisdom regarding similar trends in other financial markets. The research paper highlighted the significant role that social media platforms play in cryptocurrency adoption and … Read more A recent study conducted by researchers at Pennsylvania State University delved into the relationship between social media, attitudes, emotions, and the cryptocurrency market. The findings of their analysis may challenge conventional wisdom regarding similar trends in other financial markets. The research paper highlighted the significant role that…

    Article 2023年7月11日

  • PacWest Bancorp and regional bank shares swing amid market turbulence

    TL;DR Breakdown Midsize lenders PacWest Bancorp and Western Alliance Bancorp saw their shares rebound amidst speculation that the regional banking sector’s instability may be easing. The KBW Regional Banking Index, reflective of the overall sector’s performance, recorded a notable 7.2% increase, signaling a potential recovery. Despite an initial boost, some regional banks, such as Western Alliance and Zion Bancorp, saw their gains reduced in early trading, indicating persistent volatility in the sector. In an industry tossed by turbulence, US regional lenders PacWest Bancorp and Western Alliance Bancorp are inching their way up the stock market ladder. The banking industry has been battered by recent crises, leading to a volatile market. However, early indications show potential rebounds, possibly signaling a respite from the worst of the regional banking turmoil. PacWest Bancorp, currently exploring strategic options, has been steadily clawing its way back from a crippling downturn, with an increase of 7.9% in premarket trading on Thursday. This follows a promising 22% gain recorded earlier in the week. Meanwhile, Western Alliance Bancorp, a Phoenix-based lender that has recently displayed robust deposit growth,…

    Article 2023年5月19日

  • PolkaWorld halts operations amidst treasury funding rejection controversy

    TL;DR Breakdown The PolkaWorld community has made the decision to suspend its operations following the rejection of its funding proposal from Polkadot’s treasury.  PolkaWorld claimed that the new governance platform has negatively affected those who have been long-term contributors to the Polkadot ecosystem. The organization drew a comparison with the previous governance system, which featured a council elected by Polkadot token holders. Description The PolkaWorld community has made the decision to suspend its operations following the rejection of its funding proposal from Polkadot‘s treasury. This move comes after the organization raised concerns about the management of the treasury and criticized the impact of Polkadot’s new open governance platform, OpenGov, on long-term contributors within the Polkadot ecosystem. Funding rejection … Read more The PolkaWorld community has made the decision to suspend its operations following the rejection of its funding proposal from Polkadot‘s treasury. This move comes after the organization raised concerns about the management of the treasury and criticized the impact of Polkadot’s new open governance platform, OpenGov, on long-term contributors within the Polkadot ecosystem. Funding rejection sparks concerns In an…

    Article 2023年9月16日

  • The impact of US-Russia nuclear war on Americans

    TL;DR Breakdown U.S. presidential candidate Robert F. Kennedy Jr. has voiced serious concerns about the possibility and impact of a nuclear war between the U.S. and Russia. Based on research, an ensuing conflict could result in over five billion casualties, decimating nearly 99% of the population in major regions like the U.S., Europe, Russia, and China. Description The shadow of a devastating nuclear confrontation between the US-Russia looms large over the horizon. It’s a grim picture painted by U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.), one that warns of catastrophic consequences reaching far beyond the borders of the two superpowers. With a chilling potential for over five billion casualties, including … Read more The shadow of a devastating nuclear confrontation between the US-Russia looms large over the horizon. It’s a grim picture painted by U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.), one that warns of catastrophic consequences reaching far beyond the borders of the two superpowers. With a chilling potential for over five billion casualties, including the near total annihilation of populations in the U.S., Europe,…

    Article 2023年8月10日

  • Filecoin price analysis: FIL declines to $4.41

    TL;DR Breakdown Filecoin price analysis is bearish today. The strongest resistance is present at $5.687. FIL trades at $4.41 at the time of writing. Filecoin price analysis indicates the behavior over the past 48 hours reveals an upward trajectory initially, followed by a notable shift towards a bearish movement, leading to a substantial decline from its position at $4.63. On May 18, 2023, the price experienced a significant crash, resulting in a depreciation of $4.40, followed by a subsequent rebound of $4.41. Furthermore, the price has continued its downward trend throughout the present day. As of now, the prevailing price of FIL stands at $4.41. As of today, Filecoin is trading at $4.41, accompanied by a 24-hour trading volume of $352.15 million. The cryptocurrency possesses a market capitalization of $1.86 billion and commands a market dominance of 0.17%. Over the past 24 hours, the FIL price has witnessed a decrease of -3.43%. The prevailing sentiment for Filecoin’s price prediction is currently bearish, and the Fear & Greed Index indicates a neutral sentiment with a score of 51. Filecoin’s circulating supply…

    Article 2023年5月19日
TOP