Digital currency exchange Coinbase has awarded its very first Bitcoin Core developer grants and a household name is one of the recipients.
João Barbosa and 0xB10C, the alias of a pseudonymous developer, were selected winners earlier this week. While the funding amounts were not disclosed, Coinbase said both developers “will be funded to work on Bitcoin for all of 2021” in amounts to be paid via BTC or USD.
As Coinbase states:
Both candidates showed a consistent history of contributions to Bitcoin Core and provided the fund’s advisory board […] with a clear, useful outline of the projects they want to work on. “
Barbosa’s development work was previously funded by crypto mining company Bitmain before its grants were abruptly awarded cut together with fellow 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)!
Please help me to continue my work on Bitcoin Corehttps://t.co/5FeGoB76j8
– Jonas Schnelli (@_jonasschnelli_) December 1, 2020
Barbosa’s development work is aimed at improving the Bitcoin Core user experience on Android and iOS mobile devices. He plans to use the grant 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 the development of the Bitcoin Core codebase. Depending on the success of the first exchanges, Coinbase plans to expand the program to other types of crypto projects in the future.
Bitcoin launched in early 2009 with no fundraising or developer grants. The first developers helped pave the way for the emergence of new monetary ecosystems. Now there are more than 8,100 cryptocurrencies vying for adoption across a variety of industries, use cases and geographic locations.
João Barbosa did not immediately respond to a request for comment.