Coinbase
to Sponsor Bitcoin Core Developers For the First Time
Cryptocurrency exchange
Coinbase is set to sponsor two Bitcoin Core developers for the first time, as
part of a new grant program that aims to “grow and improve the entire crypto
industry, while making it simpler to use and more secure for everyone.”
Manish Gupta, executive vice
president of engineering at Coinbase, said:
“We believe helping to connect and grow the
cryptoeconomy is essential to building an open financial system for the
world.”
The comes after years of
criticism from the cryptocurrency community, pointing out that coinbase and
other cryptocurrency exchanges have made money off of Bitcoin and taken up
the coder talent pool, without directly contributing to Bitcoin Core’s
open-source codebase.
Other crypto firms, including
OKCoin, Square, and BitMEX have all announced grants to Bitcoin developers in
the past.
