• 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

Cryptocurrency Market Sees Mixed Performance with Notable Gains in LIT and CHZ

chest

The cryptocurrency market shows mixed performance with notable gains in LIT and CHZ, despite a general downturn in trading volumes.

user avatarGustavo Mendoza

Crypto Assets Experience Surge Amid AI Integration Discussions

chest

Financial assets see increased activity as the industry focuses on developing AI-integrated mechanisms.

user avatarRajesh Kumar

SBI Chairman Confirms Bank Adoption of XRP for International Payments

chest

Yoshitaka Kitao, the Chairman of SBI Holdings, has confirmed that banks will start adopting XRP for international payments this year.

user avatarMiguel Rodriguez

Trump Pressures Federal Reserve for Rate Cuts Amid Economic Concerns

chest

Former President Donald Trump is pressuring the Federal Reserve to cut interest rates, arguing that high rates are hindering economic growth as inflation decreases.

user avatarLuis Flores

Coinbase CEO Denies White House Conflict Over CLARITY Act

chest

Brian Armstrong, CEO of Coinbase, denied claims of a conflict with the White House over the CLARITY Act, emphasizing constructive discussions while noting Coinbase's withdrawal from current bill drafts has delayed legislation.

user avatarArif Mukhtar

Speculation on Solana's Nonnative Asset Listings Raises Questions

chest

Recent speculation suggests potential listings of nonnative assets on Solana, but lacks official confirmation.

user avatarMaria Gutierrez

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.