Brink Announces $1 Million Donation-Matching Campaign From Marathon Digital Holdings For Bitcoin Development
On stage at the Bitcoin 2023 conference, edge Announce a matching campaign for donations from a bitcoin mining company Marathon Digital Holdings To support the work of the Bitcoin Core developers. Marathon will match donations to Brink on a two-for-one basis for the duration of the conference, which ends May 20, and then match donations one-for-one through the end of the year, totaling up to $1 million.
“We will match the dollar for the $500,000 in donations Brink receives for Core developers. And most importantly, we will donate two for one if you donate money during this conference,” said Fred Thiel, CEO of Marathon. “So, if you believe in the importance of supporting Essential Development Efforts… I strongly urge you to donate 50 cents, $1, whatever you can during the conference.”
By committing to match all third-party donations up to a total of $500,000 through December 31, 2023, Marathon hopes to boost Brink’s support for developers who maintain and upgrade Bitcoin code. Since 2020, Brink has supported many developers in their work to make Bitcon more accessible and advanced through grants, mentorship, and education, including former lead moderator Marco Falke, author of the Lightning Network white paper Tadge Dryja, and Gloria Zhao of the Bitcoin Core Review Club.
“We have nine developers in five different countries who are all independent developers funded by Brink,” explained Brink CEO Mike Schmidt. “I think we all agree that we want this Bitcoin software that underpins all of this innovation on top to be better reviewed, better tested, better maintained, easier to run and more performant. That’s why at Brink we fund grant recipients who spend what they spend. Over 50% of their time is spent testing and reviewing Bitcoin Core code, suggesting changes to the core code base and fundamentally making this software more secure.”
Donations made to the brink its website They are now eligible for the match. Thiel crafted the campaign as part of Marathon’s larger commitment to securing the Bitcoin network as a significant contributor to hash rate, the computing power that ensures Bitcoin’s stability.
“We think it’s the most secure protocol out there and we think we and the rest of the industry should do everything we can to support developers and spark as much activity as possible in the space,” Thiel said.
