Nexo Supports Brink: 1 BTC Donation for Bitcoin Core Development

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Trump Hints at Military Action in Colombia and Mexico

US President Donald Trump hinted at potential military interventions in Colombia and Mexico due to concerns over cocaine trafficking and instability in the region.

Katerina Papadopoulou4 minutes ago

Ethereum's Evolution into a New Decentralized Network

Vitalik Buterin announces Ethereum's transformation into a new decentralized system powered by ZKEVM and PeerDAS.

Maya Lundqvist24 minutes ago

Introduction of PeerDAS and ZKEVM in Ethereum

The integration of PeerDAS and ZKEVM is set to revolutionize data storage and transaction verification in Ethereum.

Leo van der Veen24 minutes ago

Ethereum's Technical Roadmap to 2030

Vitalik Buterin has provided a detailed technical roadmap for Ethereum's development leading up to 2030, focusing on integration and optimization to ensure network stability and increase transaction capacity.