• 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

Strategys Cash Reserves Approach $1 Billion Amid Share Sales and Bitcoin Purchases

chest

Strategys cash reserves are approaching $1 billion, raising concerns about shareholder value amid recent share sales and Bitcoin purchases.

user avatarAisha Farooq

Bitcoin Faces Major Weekly Drop Amid Weak Market Sentiment

chest

Bitcoin has fallen to its lowest weekly close since the second half of 2024, losing more than 8% of its value in just seven days.

user avatarLi Weicheng

XRP Withdrawals Signal Potential Rally Ahead

chest

XRP investors are experiencing a key shift in sentiment as the altcoin begins to leave cryptocurrency exchanges, particularly on Upbit, signaling a potential rally ahead.

user avatarTenzin Dorje

XRP Spot Trading Surges as Investors Accumulate

chest

XRP spot trading is increasing, led by large investors, despite the altcoin's price decline.

user avatarMohamed Farouk

XRP's Profitability Takes a Hit as Bear Market Intensifies

chest

XRP's key metrics show a significant decline in profitability as the altcoin faces ongoing bearish pressure.

user avatarBayarjavkhlan Ganbaatar

Bitcoin Tests Key Demand Zone Amid Market Uncertainty

chest

Bitcoin is testing a key demand zone after a bearish breakout from a symmetrical triangle pattern.

user avatarElias Mukuru

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.