Nonprofit org Brink secures $150,000 to support development of Bitcoin protocol

Wednesday 25 November 2020, 4:19 AM AEST - 1 month ago

A new research and development center called Brink, will now seek to educate next generation of Bitcoin developers. The non-profit organization has been launched by former Chaincode Labs developer John Newbery, and Blockstream alumnus and Bitcoin Optech contributor Mike Schmidt.

According to its website, Brinks Fellowship and Grant partners, such as The Human Rights Foundation, Square Crypto and Gemini, will provide funding for its fellows and grantees.

Your devs. Our devs. The devs we found in that cave. Well support any dev helping build a stronger bitcoin.

— Square Crypto (@sqcrypto) November 24, 2020

However, a recent announcement from the cryptocurrency exchange Kraken stated that it has agreed to donate $150,000 to Brink, with investors John Pfeffer, and Xapo CEO Wences Casares providing the organizational funding.

🎉 Kraken is proud to be supporting great open-source #Bitcoin development.

That's why we're donating $150,000 to @bitcoinbrink, a new developer training center launching today.

— Kraken Exchange (@krakenfx) November 24, 2020

Funds provided by Kraken will benefit the Brink mentorship program. Grants will be awarded by the Brink board, based on the individuals contribution history and potential. The announcement further read that funds will be awarded at the discretion of Brink, free from influence of any corporate sponsors, including Kraken. The Brink team said in a tweet:

Well be giving grants to independent developers so that they can spend 100% of their time improving and strengthening Bitcoin.

Moreover Newbery

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