Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small.
The firm will distribute the funds to the Bitcoin development non-profit, Brink, over the next five years in $1 million annual installments.
According to its website, Brink exists to “support the Bitcoin developer community through funding, education, and mentoring.”
“We are 100% funded by donations from individuals and organizations who wish to support the open-source Bitcoin network and protocol,” the site states.
Unlike many blockchain projects, Bitcoin lacks any committed founder, foundation, or company with a financial stake in the protocol’s success.
As such, donations and charity are largely required to support the developers who maintain its codebase, who often rotate.
“Brink is very grateful for this extended pledge to support our Bitcoin developer fu
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