HODL

Core

Bitcoin

Nexo

<a href="https://bitcoinworld.co.in/nexo-donates-1-btc-to-secure-the-bitcoin-network-fund-core-development/" title="Nexo donates 1 BTC to secure the bitcoin network &amp; fund core development" rel="nofollow"></a>
On HODL Day, a celebration of resilience and long-term commitment, Nexo proudly announces its donation of 1 BTC (~$105K) to <a href="https://brink.dev/donate" target="_blank" rel="noopener">Brink</a>, a leading non-profit funding Bitcoin Core development. 
<a href="https://nexo.com/" target="_blank" rel="noopener">Nexo </a>has generously donated $105,000 to <a href="https://brink.dev/" target="_blank" rel="noopener">Brink</a>, a non-profit organization dedicated to open-source Bitcoin development. Like any complex system, Bitcoin requires ongoing care and improvement to function optimally. As the network grows, so do the maintenance and development demands. 
Brink’s mission is to foster a thriving community of Bitcoin developers. This donation will enable them to expand their educational and mentorship programs, empowering the next generation of developers to contribute to Bitcoin’s future. 
Bitcoin Core development is the backbone of the Bitcoin network. By continually refining the underlying code, developers help ensure the network’s security, reliability, and scalability. Brink’s efforts in fuzz testing, bug fixing, and secure updates are crucial to maintaining Bitcoin’s strength and resilience for millions of users worldwide. 
<h3 id="b-1-btc-donation-covers-7-of-brink-s-1-5m-2024-funding-goal-b">1 BTC donation covers ~7% of Brink’s $1.5M 2024 funding goal.</h3> 
Transaction: <a href="https://www.blockchain.com/explorer/transactions/btc/15aeb76eb864296de1e957234d2460ef94a4740bcee5bd7020900151f826c220" target="_blank" rel="noopener">https://www.blockchain.com/explorer/transactions/btc/15aeb76eb864296de1e957234d2460ef94a4740bcee5bd7020900151f826c220</a> 
Nexo’s generous donation of 1 BTC to Brink represents a substantial step towards securing Bitcoin’s future. This contribution covers roughly 7% of Brink’s $1.5 million funding goal for 2024. 
By supporting Brink, Nexo directly empowers a global community of developers working tirelessly to enhance Bitcoin’s security and reliability. This funding will enable developers to address emerging vulnerabilities, conduct rigorous code reviews, and implement critical updates that safeguard the network. 
<blockquote>
 “Brink is very grateful for this 1 BTC contribution from Nexo to our developer funding efforts! The funds will be used to support our engineers’ work of securing Bitcoin software through their efforts of fuzz testing, code review, and other projects outlined in our recent <a href="https://brink.dev/blog/2024/09/25/2023-annual-report/" target="_blank" rel="noopener">annual report</a>. Thank you Nexo! — [Mike Schmidt, Executive Director, Brink]
</blockquote> 
Thanks to community donations, Brink has become a bug-hunting force, actively identifying and fixing critical vulnerabilities in the Bitcoin software. Recent disclosures on <a href="https://bitcoincore.org/en/blog/" target="_blank" rel="noopener">BitcoinCore.org</a> offer a glimpse into the types of threats Brink and Bitcoin Core developers tirelessly combat, ensuring the network’s robustness for everyone. 
<blockquote>
 “Bitcoin Core developers are Bitcoin’s unsung guardians. By supporting their work, we help ensure that Bitcoin remains the most secure, innovative, and decentralized asset for future generations. This donation will directly fund Brink’s developers and is a testament to our shared responsibility to safeguard Bitcoin’s future. Stepping in to support critical development work that relies on contributions like these to move forward is crucial for the digital asset industry and we hope it inspires others to recognize the importance of funding Bitcoin Core development for securing the network’s future for millions worldwide.“ 
 — [Elitsa Taskova, CPO, Nexo]
</blockquote> 
This dedication to Bitcoin’s health isn’t lost on Nexo, a platform founded by “HODLers” (long-term Bitcoin believers). Nexo has a history of <a href="https://nexo.com/blog/what-if-all-companies-with-btc-allocations-started-putting-a-portion-of-it-into-bitcoin-development" target="_blank" rel="noopener">supporting Brink</a>, and this HODL Day they’re making another significant contribution. This isn’t just a one-time act; Nexo is committed to Bitcoin’s future, ensuring its security for generations of HODLers to come. 
The collaboration between Nexo and Brink extends beyond finance. Earlier this year, they fostered a sense of community through the <a href="https://www.bitcoinemoji.org/" target="_blank" rel="noopener">Bitcoin emoji initiative</a>. This act signifies their commitment not just to Bitcoin’s security but also to its global impact.

Nexo donates 1 BTC to secure the bitcoin network & fund core development

Table of Contents

ItsBitcoinWorld

Other articles published on Dec 19, 2024

Bitcoin price has legs above $100K despite holders booking record profits — Analysis

Crypto Market Update: Bitcoin Rallies, TON Wallet Launches, and $2.2 Billion in Hacks Uncovered

Santa’s Crypto Picks: 3 Altcoins to Watch as the Market Heats Up

Michael Saylor, Elon Musk's Bitcoin 2020 Discussion Flashback: Details

Kicking Yourself Over Bitcoin Cash? This New Layer 1 Project is Making Splashes as the Best Crypt...

BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick

Join our free newsletter for daily crypto updates!