HRF Bitcoin Development Fund grants $325K to Bitcoin developers News ▸ Germany · Netherlands · US ▸ Bitcoin ▸ Investments
HRF Bitcoin Development Fund grants $325K to Bitcoin developers
The fund spared $325,000 to support 12 developers in total — Gleb Naumenko and Furzy earned highest amount at $50,000 each.
1 min read
Updated: Aug. 18, 2023 at 12:56 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The Human Rights Foundation’s Bitcoin (BTC) Development Fund announced that it spent $325,000 in total to support 12 different developers.
Developers known as Gleb Naumenko and Furszy were granted $50,000 each, marking the highest amount received by the Foundation in this round.
The fund said that Naumenko deserved the amount for his work on the release of Coinpool and conducting research on potential Bitcoin scaling solutions such as SIGHASH_ANYPREVOUT and Eltoo.
Meanwhile, Furszy was given the highest amount for his work on Bitcoin Core, which mainly addressed stability, security, and performance problems.
Remaining ten developers
In addition to Naumenko and Furszy, the Foundation awarded ten more developers.
Eight of them — Bitcoin4India, Bitcoin Mountain, We Are All Satoshi, Bitcoin Magazine Ukraine, Dusty, Raseef 22, New Belarus, and Tor relay operator — received $25,000 each.
Africa Bitcoin Conference and bitcoin++ were awarded $15,000 and $10,000, respectively, for their contributions toward growing the Bitcoin network.
Bitcoin developers
A recent report from Nov. 24 revealed that 14,197 unique developers contribute to Bitcoin, and their number grows by 5 to 20 people every month.
Bitcoin developers are divided into two categories: those who contribute to the Bitcoin Core and those who work on the overall Bitcoin ecosystem.
According to the report, 13,057 out of the total number contribute to the broader ecosystem. The average monthly number of active unique developers for this category ranges between 600 to 1,000.
Meanwhile, there are 1,140 unique developers who contribute to the Bitcoin Core, and their average monthly number of active unique developers varies between 40 to 60.
When it comes to demographics, the report reveals that the majority of these developers are located in the U.S., with 35.1%. Germany and Netherlands follow as second and third by hosting 13.3% and 89% of developers, respectively.
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
Latest Germany Stories
Latest Bitcoin Stories
Featured Story
Advertise Here
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.