Financing decentralization – Jack Dorsey like Bitcoin passionately and he never misses an opportunity to show it! Educational programs around crypto for children from disadvantaged neighborhoods, active development of the Lightning Network, BTC mining, he invests in everything that directly or indirectly relates to the first of cryptos and preaches above all for a network decentralized. With this in mind, it participates in the financing of the non-profit organization Brink which awards scholarships and grants to developers working on the protocol Bitcoin. He has just announced funding for $5 million over five years to continue on this path.
Brink strengthens the Bitcoin protocol and network thanks to generous donors
Brink has been around since 2020 and was founded with the aim of “strengthen the Bitcoin protocol and network through fundamental research and development by supporting the Bitcoin developer community through funding, education and mentorship”. Funded 100% by donations from individuals and organizations who support the principle of protocol open-sourcethe structure is led by Michael Schmidtits co-founder.
The announcement of this generous gift of1 million dollars per year for five years was positively welcomed by the leader:
“We plan to direct the funding to our grant program, including supporting our existing bitcoin developer grantees and potentially adding any new qualified grant applicants as grantees. »
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Jack Dorsey and his investment fund plan to inject $5 million over five years
The money comes from a special fund set up by Jack Dorsey himself in 2020 and originally intended to fight Covid19. Finally, after the pandemic, the leader of Block decided to allocate the funds to projects that revolve around the health and of thegirls education around the world, to research on universal income and on technological projects oriented towards privacy and the decentralization.
Originally, Start Small, that is the name of the fund, was endowed with1.5 billion dollars directly from the personal fortune of Jack Dorsey. After spending over half a billion during the pandemic, it would remain 900 million in the funds that are currently used to finance projects such as the network Torthe messaging app Signal or even the Calyx Institute which works for the democratization of confidentiality on the Internet. It’s through Start Small that Jack Dorsey is going to pay these 5 millions of dollars in order to strengthen its involvement in the development of the Bitcoin network.
While the offensive of the DRY against the platforms continues to put the crypto market in turmoil, other more confidential news continues to animate the news. Thus, while the great patrons of the ecosystem like Mr. Dorsey continue their research and that theAsia is in love with cryptos, American justice must position itself on the nature of digital assets and the presidential election next year in Washington might even swing around the subject of Bitcoin. Another day in cryptos…
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