Bitcoin

Paradigm will finance the development of Bitcoin Core

BTC paradigm

Cryptocurrency investment company Paradigm has announced that it will finance the development of Bitcoin Core – an Australian developer Anthony Towns will receive a grant.

As Matt Huang, co-founder of the California investment company, said, such a Paradigm move reflects the firm’s views on Bitcoin and its position as “the most important cryptocurrency”. Development funding shows Paradigm’s commitment to improving the first cryptocurrency. Grants allow not only to thank the Bitcoin community, but also “get closer to the people.”

Matt Juan did not disclose the amount that Anthony Townes will receive. Nevertheless, he compared the size of the grant with the full salary of an engineer (most likely for a year). The developer has been actively involved in the community since 2017 and adds his code to the repository. He also worked on the implementation of Schnorr signatures and Taproot technology.

“Paradigm will pay him the money, but he remains completely free to choose what he is working on within Bitcoin,” said the co-founder of Paradigm.

At the same time, under the terms of the grant, Townes should help the company in exploring new opportunities in the Bitcoin ecosystem, for example, in creating second-level solutions.

Recently, the Algorand Foundation allocated ALGO 250 million worth about $ 50 million for a grant program aimed at stimulating the development of Algorand infrastructure projects.

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