Developers will be given $60,000 for each improvement of the bitcoin protocol
Date: 2023-07-31 Author: Karina Ziganova Categories: CRYPTO PAYMENTS, IN WORLD
The Human Rights Foundation (HRF) will allocate 20 bitcoins (BTC) worth about $587,000 to developers for improving the bitcoin protocol.
The Foundation has launched a campaign to find bugs in the protocol to support open source development. The competition is centered around ten improvements to the protocol's user interface, mainly aimed at mobile wallets. For each improvement, developers will receive 2 BTC (about $58,700).
What tasks do developers need to solve?
One of the bug bounty tasks looks at open source design components for projects. They now rely heavily on proprietary software for interface design. HRF now wants to provide developers with free access to the protocol's user interface manual.
Another challenge is to help develop Nostr, an open-source and censorship-resistant social network backed by Jack Dorsey. The remaining eight awards are given for help in developing a server connection, improving the payment system, the mobile address of the Lightning network, and multi-signatures. Another 2 BTC will be distributed for improving mobile wallets.
At the time of writing, none of the ten awards have been received. The promotion will last until the end of 2024.
Development program for TON
In addition to the bitcoin protocol, the developers of the blockchain The Open Network have also prepared a program for the development of the network. Money for development will be provided by the TON fund, TONcoin.Fund, for $250 million, which will be used to support founders and various projects with an emphasis on decentralized finance (DeFi). Each of the projects can receive from $50,000 to $250,000.
Projects will also receive support from partner mentors. Among them are the hedge fund Gotbit, the developer of DeFi tools Web3Port, the platform for raising funds on TON Tonstarter, as well as the incubator for Web3 developers in South Korea TEB and the investment company Cypher Capital.
