The operator of the cryptocurrency derivatives exchange BitMEX company HDR Global Trading Limited announced the allocation of the grant $60 000 Bitcoin Core developer Michael Ford. The funds will help him lead a full-fledged work on the project without being distracted by other issues.
HDR Global Trading Limited are delighted to announce a grant to Michael Ford (AKA fanquake), provided on a no-strings-attached basis, to work on the Bitcoin Core software project
Michael has recently been made a Bitcoin Core maintainerhttps://t.co/H9Ft2OJ0iy
— BitMEX Research (@BitMEXResearch) July 12, 2019
Michael Ford, who is also known under the pseudonym fanquake, is a contributing member of the Bitcoin Core since 2012, and has recently been added to the list of specialists on maintenance of the software project.
In a statement, HDR Global Trading Limited said the company was proud to support the development of bitcoin and help in further scaling, sustainability and privacy. Under the agreement, fanquake should not be involved in any other projects except the Bitcoin Core.
«HDR Global Trading Limited, like all other companies in the cryptocurrency space, are very dependent on mostly volunteer coders dedicated to the mission and ideals of bitcoin. This is a difficult, exhausting and often thankless job. Therefore, we believe that the corporate responsibility is to pay tribute to the projects, which helped them and which is their very business model. Without the millions of unpaid man-hours of developers of open source projects that lie at the heart of our operating systems, web servers, tools and the bitcoin trading platform BitMEX simply would not exist. We do not forget about this gift,» said CTO and co-founder Sam Reid.
Note that in may of this year BitMEX also supported the Digital Currency Initiative at the Massachusetts Institute of technology (MIT), in which research is being conducted in the global ecosystem of cryptocurrencies.
In January Ethereum Foundation announced the allocation of team Parity Technologies grant in the amount of $5 million Funds will be used for further work on scalability, usability and security of the Ethereum platform.