Bitcoin

Bitcoin developer who lost Bitmain funding wins first Coinbase developer grant

Coinbase, the digital currency exchange, has given out its first Bitcoin Core developer grants, and a household name is among the recipients.

João Barbosa and 0xB10C, the alias of a pseudonymous developer, were the winners selected earlier this week. Although the funding amounts were not disclosed, Coinbase said both developers “will receive funding to work on Bitcoin in 2021,” in amounts payable via BTC or USD.

As Coinbase notes:

Both candidates showed a consistent track record of providing contributions to Bitcoin Core and providing the fund’s advisory board […] a clear and practical overview of the projects they want to work on “.

Bitcoin developer who lost Bitmain funding wins first Coinbase developer grant
Bitcoin developer who lost Bitmain funding wins first Coinbase developer grant

Barbosa’s development work was previously funded by cryptocurrency mining company Bitmain before the grants were abruptly cut along with colleague Jonas Schnelli.

Today I lost my patronage.

After more than three years, Bitmain decided to stop funding Bitcoin Core developers (also Joao Barbosa / promag).

Thanks to Bitmain for all of the help (despite the disagreements we had)!

Help me continue my work on Bitcoin Core

Barbosa’s development work is focused on 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 to promote the development of the code base for Bitcoin Core. Depending on the success of the initial grants, Coinbase plans to expand the program to other types of cryptocurrency projects in the future.

Bitcoin launched in early 2009 with no fundraiser or developer grants. Early developers paved the way for new monetary ecosystems to emerge. Meanwhile, more than 8,100 crypto currencies are fighting for the introduction in various industries, use cases and geographical locations.

João Barbosa did not immediately respond to a request for comment.

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