Share this article
Bitcoin Development Boost: FTX Is Donating $450K to Brink
Sam Bankman-Fried's crypto exchange is committing to a three-year sponsorship of the coding nonprofit.
By Zack Seward
Updated Sep 14, 2021, 1:39 p.m. Published Aug 13, 2021, 2:15 p.m.
FTX is sponsoring the development of the thing that brought us here: Bitcoin.
- The cryptocurrency exchange is committing $150,000 a year for the next three years to Brink, an organization that helps fund Bitcoin's open-source developer community, according to an announcement on Friday.
- "Bitcoin is foundational to the entire crypto space, and Brink is doing phenomenal work recruiting and supporting a new generation of talent to keep the network strong," FTX founder Sam Bankman-Fried said in a statement.
- Brink launched in 2020 with funding from the Human Rights Foundation, Square Crypto and crypto exchange Gemini. Crypto lender Nexo and others have chipped in since then.
- FTX joins a growing list of crypto firms stepping up to the plate to keep the open-source work of Bitcoin Core contributors well supported. It is the first company to make a multiyear donation commitment.
Read more: Human Rights Foundation, Compass Mining Give $80K to Sponsor Bitcoin Developer
More For You
Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap.
Why it matters:
As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve.
More For You
Developers are considering ways to quantum-proof the world's oldest cryptocurrency as the threat of this computing moves beyond a hypothetical.
What to know:
- Google researchers say a sufficiently powerful quantum computer could break Bitcoin's core cryptography in under nine minutes, raising concerns that such a threat could emerge as soon as 2029.
- Developers are exploring multiple defenses, including removing on-chain public keys (BIP 360), adopting hash-based post-quantum signatures like SPHINCS+, and using a...
Top Stories
