Bitcoin Core developer Jonas Schnelli received a grant from the mining company Marathon Patent Group in the amount of $96,000 for the development of a software client.
Marathon management announced that this amount will be paid to the developer monthly in bitcoins for one year. Schnelli said that he will spend these funds on further work with Bitcoin Core. Schnelli has been working on this software client since 2013, having already written more than 30,000 lines of code in more than 750 commits, as well as engaged in encryption and testing.
“This is an acceptable amount, although it is much less compared to the salary of an enterprise software developer. But I am interested in the development of Bitcoin, not money, ” Schnelli said.
Marathon decided to implement this initiative after its competitor Bitmain stopped funding Schnelli and another Bitcoin developer Joao Barbosa. After that, Barbosa received a grant from the cryptocurrency exchange Coinbase.
Marathon CEO and Chairman Merrick Okamoto believes it is important to contribute to the development of the Bitcoin network. He explained that the lack of core developers, such as Jonas, can affect the efficiency of Bitcoin and slow down its implementation, which will have a bad impact on the company’s business.
Recall that six months ago, another Bitcoin Core developer Anthony Towns (Anthony Towns) received a grant from the cryptocurrency investment company Paradigm. However, the amount remained unknown.