Compass Mining Sponsors Bitcoin Core Developer With $ 80,000 Donation

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  • Compass Mining is sponsoring Bitcoin developer Jon Atack with a donation of $ 80,000.
  • donation was organized through the Human Rights Foundation.

Compass Mining, a marketplace for Bitcoin mining hardware, announced today that it will sponsor Bitcoin Core developer Jon Atack with a donation of $ 80,000 for one year. donation is made through the Human Rights Foundation (HRF).

“As the largest and fastest growing retail focused Bitcoin mining company, we believe it is essential that Compass support the development of the protocol on which the entire industry is based,” said Whit Gibbs, CEO of Compass Mining at a prepared statement. .

He added that developers like Atack are integral to the growth of Bitcoin, stating that the development of the cryptocurrency would “suffer greatly” without them. “Our team is delighted to build a relationship with Jon and support his important work,” he added.

To attack his own website, he was previously invited to join the Bitcoin Core team after 7 months of contributions until November 2019. He also received a Square Crypto Developer grant in March 2020, a grant that has since been renewed in 2021.

Atack’s Compass Mining sponsorship is through HRF’s Bitcoin Development Fund, launched in 2020. fund is designed to assist software developers working on Bitcoin.

Previously, the fund gifted Jesse Posner (a former Coinbase Bitcoin developer) worth $ 25,000 worth of Bitcoin. Janine Roem also previously received $ 10,000 worth of Bitcoin to support her Bitcoin privacy newsletter.

Read Also Australia Reassess Crypto Wallet Laws at Apple and Google

“HRF is delighted to be working with Compass to support Jon and Bitcoin Core. Jon has made a vital contribution to the open source money project around the world and we look forward to helping make his work possible this year, ”said HRF Chief Strategy Officer Alex Gladstein.

Why does Bitcoin need developers?

To update the Bitcoin code base, the small team of Bitcoin core maintainers analyzes code that is often proposed by a much larger developer community.

If that code passes the test, it passes and becomes part of the Bitcoin codebase.

This approval process also introduces another role played by Bitcoin developers: arbitrators. By reviewing any code suggestions, these developers ensure that no new code corrupts or compromises the integrity of the Bitcoin network.

[EMBED]: https://decrypt.co/51042/a-hypothetical-attack-on-the-bitcoin-codebase

Although quantum computing, government intervention, and 51% attacks are on the list of possible attack vectors, the same goes for reckless development of the protocol.

Despite the stakes, work can be thankless. However, with the support of third parties, the incentives to continue building in good faith become even more tempting. For now.

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