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Gemini creates fund to finance Bitcoin Core developers

Key facts:

Part of the money would go to the Bitcoin Development Fund of the Human Rights Foundation.

Gemini will give up to $ 200,000 in BTC to Bitcoin Core developers.

The American exchange, Gemini, has created the Opportunity Fund to finance Bitcoin Core developers. The fund will award scholarships, sponsorships, and grants to developers that help the Bitcoin network continue the expansion it has had since its implementation by Satoshi Nakamoto.

The opportunity for developers of the open source system will provide, within other contributions, USD 50,000 in BTC to the Bitcoin Development Fund of the Human Rights Foundation. In this way, Gemini seeks to delve into aspects such as network privacy and its use as a tool for freedom, specifically factors such as usability, resilience and security of the Bitcoin network.

Through this Opportunity Fund, the company of Winklevoss brothers will also give USD 150,000 in BTC to the program Brink by Jhon Newbery. Brink is a London-based initiative founded by Jhon Newbery and Mike Schmidt that sponsors exemplary Bitcoin Core developers, and is also part of the Human Rights Foundation’s Bitcoin Development fund.

In one of Brink’s latest projects, as we have commented in CriptoNoticias, the graduate of the University of Berkley, Gloria Zhao, rethinks the way in which the network’s commission system is managed.

The first version of Bitcoin Core was implemented for Windows by Satoshi Nakamoto in 2009. The system has had a number of main developers, like Gavin Andresen, Wladimir Van Der Laan, Pieter Wuille, Greg Maxwell, among others.

Likewise, as it is an open system, it has had developers of all kinds who have made countless contributions to the network ad honorem. But this year there have been many companies that have allocated funds to boost the financing of these developers, among which is also Square Crypto.

This is an opportunity for the Bitcoin Core developers to see some background in their collaborations, since by the nature of the system, the contribution of the Bitcoin network is generally voluntary.