• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Nexo Supports Brink: 1 BTC Donation for Bitcoin Core Development

user avatar

by Giorgi Kostiuk

a year ago

On HODL Day, Nexo proudly announced the donation of 1 BTC to Brink, a non-profit supporting Bitcoin Core development. This funding will help Brink expand its educational and mentorship programs for new developers.

Nexo's Donation and Its Importance for Bitcoin

Nexo has donated 1 BTC (approximately $105K) to support Brink, which accounts for roughly 7% of the $1.5 million 2024 funding goal.

Brink's Role in Bitcoin Core Development

Brink aims to foster a community of Bitcoin developers. The organization actively engages in testing, bug fixing, and updates to ensure network security and scalability.

Brink is very grateful for this 1 BTC contribution from Nexo to our developer funding efforts! The funds will be used to support our engineers’ work of securing Bitcoin software through their efforts of fuzz testing, code review, and other projects outlined in our recent annual report.Mike Schmidt, Executive Director, Brink

Supporting and Contributing to Bitcoin Network Security

Thanks to community donations, Brink has become a significant force in identifying and fixing vulnerabilities in Bitcoin. This support enables developers to conduct rigorous code reviews and critical updates.

Bitcoin Core developers are Bitcoin’s unsung guardians. By supporting their work, we help ensure that Bitcoin remains the most secure, innovative, and decentralized asset for future generations.Elitsa Taskova, CPO, Nexo

The collaboration between Nexo and Brink marks a significant milestone in their joint efforts to ensure Bitcoin's security and resilience for future generations. Nexo continues to support Brink, emphasizing its commitment to Bitcoin's security.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Chen Zhi Extradited to China as Fraud Allegations Mount

chest

Chen Zhi, the founder of Prince Bank, has been extradited to China after his arrest in Phnom Penh due to serious allegations of large-scale online fraud.

user avatarMaria Gutierrez

Cambodia's Central Bank Takes Action Against Prince Bank Amid Fraud Allegations

chest

The National Bank of Cambodia has suspended all operations at Prince Bank Plc and ordered its liquidation following the arrest of its founder, Chen Zhi, in an international fraud case.

user avatarJacob Williams

JPMorgan Expands JPM Coin to Public Blockchain Infrastructure

chest

JPMorgan is set to expand its blockchain payment infrastructure by taking its JPM Coin deposit token to various blockchain networks, starting with the Canton Network.

user avatarDavid Robinson

9 Countries Show Support for BRICS Currency Ahead of Launch

chest

Nine countries from the ASEAN alliance have committed to using the BRICS currency upon its launch, signaling a shift in global financial dynamics.

user avatarZainab Kamara

Whale Activity Declines as Market Stabilizes

chest

Whale activity in XRP has been declining since mid-December, indicating a potential shift in market dynamics.

user avatarSon Min-ho

New Blockchain Protocol Enables Cross-Organization Agent Economies

chest

A proposed blockchain protocol allows autonomous agents to interact and trust each other across organizations without prior relationships.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.