Digital currency exchange Coinbase has awarded its first ever grant by Bitcoin Core developers, and a well-known name is among the recipients.
João Barbosa and 0xB10C, the alias for a pseudonymous developer, were selected winners earlier in the week. Although the funding amounts were not disclosed, Coinbase said both developers “will be funded to work on Bitcoin throughout 2021” in amounts to be paid via BTC or USD.
As Coinbase says:
Both candidates demonstrated a cohesive history of contributing to Bitcoin Core and provided the fund’s advisory board. […] with a clear, actionable overview of the projects they intend to work on. ”
Barbosa’s development work was previously funded by the crypto-mining company Bitmain before his grant was abruptly cut together with co-developer Jonas Schnelli.
Today I lost my sponsorship.
After more than 3 years, Bitmain decided to stop funding Bitcoin Core developers (also Joao Barbosa / promag).
Thanks Bitmain for all the help (despite the disagreement we had)!
Help me continue my work with Bitcoin Corehttps://t.co/5FeGoB76j8
– Jonas Schnelli (@_jonasschnelli_) December 1, 2020
Barbosa’s development work is centered on improving the Bitcoin Core user experience on Android and iOS mobile devices. He plans to use the appropriation money to develop a Bitcoin Core GUI based on the Qt Quick framework.
Coinbase first announced its Crypto Community Fund in October as a way to sponsor codebase development for Bitcoin Core. Depending on the success of the initial grants, Coinbase plans to expand the program to other types of crypto projects in the future.
Bitcoin was launched in early 2009 with no fundraising or grants from developers. Early developers helped pave the way for new monetary ecosystems to emerge. Now, over 8,100 cryptocurrencies are running on adoption, spanning multiple industries, utility cases and geographic locations.
João Barbosa did not immediately respond to a request for comment.