Coinbase sponsors Bitcoin Core developers! Coinbase sponsors Bitcoin Core developers under a new grant program, the San-Francisco based exchange announced today.
“We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world,” Manish Gupta, executive vice president of engineering at Coinbase, said in a statement. “Our Crypto Community Fund aims to grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone. If successful, we intend to expand the program to other types of projects and crypto communities.”
The announcement comes after years of complaints from members of the Bitcoin community that Coinbase and other exchanges have swallowed up the coder talent pool and have made money off Bitcoin but have not contributed directly to the Bitcoin Core code base.
Earlier this year, CardCoins became one of the smallest industry players to sponsor Bitcoin Core developers and development.
Coinbase did not reveal the size of the fund but did say in a statement that they hope to increase the fund over time.
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