According to the blog post, Coinbase declared the Fund’s first Bitcoin developer grants to 0xB10C and João Barbosa. Earlier, in October, Coinbase announced the launch of the Crypto Community Fund. It planned to focus on Bitcoin Core development. The fund’s advisory board elected the first two developers, João Barbosa, and pseudonymous developer 0xB10C. Coinbase’s advisory board constitutes Stanford cryptography professor Dan Boneh and Bitcoin developers Carla Kirk-Cohen, Amiti Uttarwar, Anthony Towns, and Felix Weis.
Coinbase to roll out grants in Bitcoin or USD
0xB10C and João Barbosa displayed a steady account according to Bitcoin Core. They also offered a clear, actionable outline of the projects they plan to work on to the Fund’s advisory board. Moreover, they will receive grants in Bitcoin or USD depending on the individual’s choice. According to the blog post, 0xB10C aims to develop and enhance the prevailing open-source tools. It involves a web interface visualizing forks. Additionally, 0xB10C will issue articles on the utilization of the Bitcoin network, insights in Bitcoin Core PRs, and aid in enhancing functional testing.
Additionally, João Barbosa aims to enhance the Bitcoin Core UI on iOS and Android. With the Coinbase grant, he intends to concentrate on creating a Bitcoin Core GUI based on the Qt Quick framework. Additionally, the Crypto Community Fund grantees will offer periodic updates about their business via public blog posts. The Fund’s advisory board will continue to review any proposals submitted to it by January 11, 2021.
However, João Barbosa, with some other Bitcoin developers, recently received grants from Bitmain, a bitcoin mining behemoth. Witnessing Barbosa scaling from one grant to another, the open-source work is filled with financial risk. Moreover, the bitcoin developers may receive grants partially or not for their work.
Certainly, for Bitcoin’s history, its developers have supported and enhanced Bitcoin’s code. Few companies involving Chaincode and Blockstream have supported Bitcoin Core development since before 2017. However, after Bitcoin gained the limelight, other companies and organizations have increased their attempts to dish out grants. Moreover, some of the most productive developers have drawn donations from Bitcoin users on GitHub.
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