• 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

2 years 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

Ripple Case Approaches Final Judgment Amid Market Speculation

chest

The Ripple case is nearing a final judgment, with market focus shifting to potential penalties and changes required by the court.

user avatarTomas Novak

Coinbase Launches Smart Wallet to Enhance User Experience

chest

Coinbase introduces a smart wallet aimed at simplifying the onboarding process for users into its layer2 ecosystem, Base.

user avatarKaterina Papadopoulou

Solana ETF Filing Discussion Shifts Focus to Operational Mechanics

chest

The discussion around Solana ETFs is shifting from speculation to the operational details necessary for regulatory approval, highlighting the importance of custody, trust structure, and operational mechanics.

user avatarLi Weicheng

Investors Urged to Monitor SEC Responses and Custody Disclosures

chest

Investors should pay attention to SEC responses and custody disclosures regarding Solana ETFs as they will significantly impact the market.

user avatarLeo van der Veen

Base Network Surpasses 2 Billion in Total Value Locked

chest

Base network has surpassed 2 billion in total value locked, marking its evolution into a significant DeFi venue.

user avatarMaya Lundqvist

Ethereum's Research Community Continues to Drive Scaling Improvements

chest

Despite market distractions, Ethereum's research community continues to work on scaling improvements.

user avatarAisha Farooq

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.