• 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

New Benchmark Reveals Limitations of AI Personal Assistants

chest

Researchers have developed a benchmark called ClawAnything to evaluate the effectiveness of AI personal assistants, revealing significant shortcomings in their performance.

user avatarLi Weicheng

XRP and Other Cryptocurrencies See Inflows Amid Broader Market Challenges

chest

XRP and other cryptocurrencies attracted significant inflows last week despite the overall market downturn.

user avatarTenzin Dorje

Significant Stock Declines Following China's Regulatory Announcement

chest

Significant stock declines were observed following China's regulatory announcement on May 25, 2023, with Tiger Brokers' shares falling over 10% and Futu Holdings dropping more than 5%.

user avatarBayarjavkhlan Ganbaatar

China's Regulatory Crackdown on Offshore Brokerages

chest

China's Securities Regulatory Commission announced penalties for three offshore brokerages due to illegal operations targeting mainland investors.

user avatarMohamed Farouk

South Korea Indicts Five in Landmark Decentralized Exchange Fraud Case

chest

South Korean prosecutors have indicted five individuals in the country's first-ever criminal prosecution of a decentralized exchange rug pull, marking a significant legal precedent.

user avatarElias Mukuru

Ancient Ethereum Wallet Reactivated After 11 Years

chest

An old Ethereum wallet containing 2,000 ETH has been reactivated after nearly 11 years of dormancy.

user avatarDiego Alvarez

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.