Brink Gets $150,000 Grant to Support Bitcoin Development

Brink, a new, independent nonprofit organization, will seek to fund and support open-source Bitcoin protocol development. 

The company has already secured a $150,000 donation from cryptocurrency exchange Kraken, in order to teach the next generation of Bitcoin developers. 

“We’ll be giving grants to independent developers so that they can spend 100% of their time improving and strengthening Bitcoin,” the Brink team said in a tweet. 

The company will also have a fellowship program, which allows fellows to spend a year learning how to contribute to open source projects. 

“Bitcoin’s value rests on its security and stability. Everything we build on top of Bitcoin depends on the base protocol and reference implementation being rock solid,” the Brick team said, adding that “one critical bug in the protocol or implementation has the potential to crash the entire Bitcoin economy.”