• 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

Divergence in Leverage Ratios Raises Market Risk Concerns

chest

The analysis reveals that OKX has a significantly higher Estimated Leverage Ratio compared to Binance, indicating a more sensitive market structure.

user avatarDiego Alvarez

Investor Turns $120 into $900K Through Ethereum Investment

chest

An investor who purchased $120 worth of Ethereum during its presale in 2015 has seen a massive return on investment, moving his assets after 10 years.

user avatarKenji Takahashi

Potential Impact of Trump-Xi Meeting on Cryptocurrency Market

chest

The recent meeting between President Trump and President Xi Jinping could lead to increased trade stability, which may positively affect the cryptocurrency market.

user avatarMaria Fernandez

Bitcoin Faces Major Decline as New Federal Reserve Chair Takes Office

chest

Bitcoin's value dropped sharply, losing the crucial $80,000 support level as Congress confirmed Kevin Warsh as the new Federal Reserve chair.

user avatarGustavo Mendoza

Factors Behind Solana's Price Dip

chest

Several factors, including Bitcoin's correction and inflation concerns, are contributing to Solana's price dip.

user avatarRajesh Kumar

Nigel Farage Faces Investigation Over £5 Million Gift from Crypto Investor

chest

Reform UK leader Nigel Farage is under investigation for a £5 million gift from cryptocurrency billionaire Christopher Harborne, raising questions about potential disclosure failures.

user avatarMiguel Rodriguez

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.