San Francisco-based cryptocurrency exchange Coinbase has revealed two separate contributions to the Bitcoin ecosystem today. Here’s how the top crypto platform plans to boost the future of the first-ever cryptocurrency and make it more accessible, flexible, and DeFi-ready.
Coinbase Ready To Award Duo Of Grants To Bitcoin Core Developers
Coinbase and its CEO Brian Armstrong has in the past been criticized for bypassing Bitcoin to instead promote altcoins.
But the cryptocurrency exchange today announced it is offering two grants from its Crypto Community Fund to developers that work on the Bitcoin core code or “closely associated” projects.
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A blog post from Coinbase EVP of Engineering Manish Gupta explains that Bitcoin was born without fundraising, yet “bootstrapped” an entire industry.
Coinbase is beginning our search for at least two Bitcoin development grant recipients starting today. If you’d like to apply or nominate a Bitcoin core developer to be sponsored, read more here and fill out the form. https://t.co/2oGhfA9v6z
— Coinbase (@coinbase) October 15, 2020
Rather than other projects that have active founders, a team of developers, and even a marketing team, Bitcoin thrives on the open-source community alone.
“The open source community has provided critical support for Bitcoin development, with some support from donations from industry organizations and academic institutions. Our goal is to similarly support developers