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Coinbase Creates New Funding Program to Fund Bitcoin Core Developers

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Coinbase would not disclose the size of the fund

Rhythm BlockBeats news, on October 16, the San Francisco-based Coinbase trading platform announced that it will provide a new funding program for at least two Bitcoin core developers.

Manish Gupta, Executive Vice President of Engineering at Coinbase, said in a statement: “Our crypto The Community Fund aims to grow and improve the entire crypto industry while making it easier to use and more secure." If successful, we intend to expand the program to other types of projects and crypto communities. ”

This follows years of complaints from some members of the Bitcoin community that Coinbase and other trading platforms are dominating the talent pool of coders , making money from Bitcoin without directly contributing to the open-source Bitcoin Core codebase.

This time Coinbase said that it is willing to support projects including:

Direct contributions to Bitcoin Core (e.g. improved testing, obfuscation, bug fixes, enhancements)

Critical code and/or Bitcoin Improvement Proposal (BIP) reviews< /p>

Contributor tools (eg, bitcoinacks.com, which is open source)

Bitcoin core libraries and tools (eg libsecp256k1)

Improvements to testing (e.g. functional testing)

Coinbase would not disclose The size of the fund, but said in an emailed statement that it hopes to gradually increase the size of the fund.