Coinbase for cryptocurrency exchange provided its first grants to Bitcoin Core developers, and there is a well-known name among recipients.

Earlier this week, the two winners were Joao Barbosa and 0xB10C, the developer alias. While the funding amounts were not disclosed, Coinbase said both developers will be “funded to work on Bitcoin through 2021″ with amounts to be paid out via BTC or US dollars.

As Coinbase says:

Both candidates demonstrated an ongoing history of participating in Bitcoin Core and provided the foundation’s advisory board […] with a clear and actionable overview of the projects they intend to work on. ”
Barbosa’s development work was previously funded by the cryptocurrency mining company Bitmain before it was slashed into massive grant along with co-developer Jonas Schnelli.

Barbosa’s work focuses on improving the Bitcoin Core user experience on Android and iOS mobile devices. He plans to use the grant funds to develop the Bitcoin Core GUI based on the Qt Quick platform.

Coinbase first announced the Crypto Community Fund in October as a way to sponsor the development of the Bitcoin Core database. Depending on the success of the initial grants, Coinbase plans to expand the program to other types of crypto projects in the future.

Bitcoin was launched in early 2009 without any fundraising or grants from developers. The early developers helped pave the way for new money-making ecosystems. Currently, there are more than 8,100 cryptocurrencies competing for adoption across industries, facilities, and geographies.

Source: CoinTelegraph