Bitmain Halted Its Funds For Some Primary Developers Maintaining Bitcoin-Related Software
Bitmain Halted Its Funds For Some Primary Developers Maintaining Bitcoin-Related Software
December 4, 2020
Bitmain Halted Its Funds For Some Primary Developers Maintaining Bitcoin-Related Software
Bitmain Halted Its Funds For Some Primary Developers Maintaining Bitcoin-Related Software
December 4, 2020

Bitmain has halted its funding for some primary developers maintaining Bitcoin-related software.

It has been reported that Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his efforts for more than three years.

However, Schnelli said that he lost his sponsorship from Bitmain alongside Joao Barbosa, another Bitcoin Core contributor also known under the “Promag” nickname on GitHub.

Schnelli tweeted:

“Thanks Bitmain for all the help (despite the disagreement we had).”

Likewise, Richard Heart, the founder of Hex, commented that other companies would be willing to fund the Bitcoin Core project as Bitcoin hits new all-time highs. 

Also, some Reddit users also suggested that Bitmain could have found better ways to spend their money than funding the Bitcoin Core project. 

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One Redditor noted:

“I consider it a miracle that they were still being funded by them.”

Bitcoin Core is a major open-source project maintaining and releasing Bitcoin client software.

Thus, the project describes itself as a direct descendant of the original Bitcoin software client released by Satoshi Nakamoto after he published the Bitcoin whitepaper back in 2008. 

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.