Compass Mining, a marketplace for Bitcoin mining hardware, has today announced that it will sponsor Bitcoin Core developer Jon Atack with a one-year $80,000 donation. The donation is being provided through the Human Rights Foundation (HRF).
“We believe it’s essential for Compass to support the development of the protocol our entire industry is built on,” Whit Gibbs, CEO of Compass, said in a press statement. “Without contributors like Jon, the speed and quality of Bitcoin’s development would noticeably suffer.”
Jon became an active Bitcoin Core contributor in March 2019. Following the grant from Strike in June, Compass’ donation ensures Jon’s ability to continue his critical work of contributing to Bitcoin.
Compass is one of only three mining companies that directly finance Bitcoin development, along with Marathon Digital Holdings and Braiins.
HRF launched the Bitcoin Development Fund in June 2020 to support software developers working to strengthen and improve the Bitcoin network. According to Alex Gladstein, chief strategy officer at Human Rights Foundation, the $80,000 donation was decided in collaboration with Compass Mining.
“HRF is delighted to work with Compass to support Jon and Bitcoin Core. Jon has been a vital contributor to the world’s open source money project and we look forward to helping make his work possible this year,” said Alex Gladstein.
The next round of grants through the Bitcoin Development Fund will be announced in September and will support at least four projects, according to Gladstein.
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