Key Points:
- Marathon Digital Holdings announced a partnership with Brink to raise up to $1 million to support Bitcoin core developers.
- These developers are volunteers who often work professionally or on a donation basis to ensure the functionality of the Bitcoin protocol.
- The North American mining company has committed to matching all donations to an aggregate of $500,000 through 2023.
Marathon Digital Holdings and Brink have announced a partnership to raise up to $1 million to help support Bitcoin Core developers to maintain the Bitcoin protocol.
Marathon is a digital asset technology company focused on supporting and securing the digital asset ecosystem. The company is currently in the process of becoming one of the most significant and most sustainable digital asset mining operations in North America.
The Foundation is fully supported by funders dedicated to enhancing the Bitcoin protocol and network through research and development and a strong support system for emerging and established Bitcoin developers through sponsorship, education, and mentoring programs.
The Bitcoin protocol is the technology that allows Bitcoin to function as a decentralized, peer-to-peer payment network. This open-source software, which sets the rules and processes that govern the Bitcoin network, is maintained and improved by a community of developers around the world known as the Bitcoin Core developers. These developers are volunteers who often work professionally or on a donation basis to ensure the functionality of the Bitcoin protocol.
The North American miner has committed to combining all donations for a total of $500,000 through 2023, for a total potential donation of $1 million (when combined with third-party donations).
From May 18, 2023, to May 21, 2023, during the Bitcoin 2023 conference, Marathon will match all donations to Brink on a two-for-one basis. After the conference, from May 22, 2023, to December 31, 2023, Marathon will combine all donations on a one-to-one basis (the maximum donation amount is $500,000 when combined with donation matches from around the Bitcoin 2023 conference period).
Those interested in contributing to the development and security of the Bitcoin network can visit this link to donate or learn more about Brink and the Marathon match.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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Source: https://news.coincu.com/188503-marathon-brink-raise-1m-support-bitcoin/