CardCoins and Bitcoin Core

Bitcoin has been compared to a chorus composed of many voices, with each member producing something unique for the wider network. Miners and node operators provide security, traders inject liquidity, exchanges build on/off ramps, merchants offer outlets to spend Bitcoin and users pay fees to access block space. Open source developers are also fundamental to Bitcoin’s success. They bring peer review, documentation, improved operability and new functionality to Bitcoin’s technology.

Each of these actors have economic incentives which drive their behavior. Funding for open source projects is traditionally derived from companies who benefit from that software, and CardCoins is no exception. Bitcoin Core is an essential piece of our infrastructure. Without carefully tested “full-node” software, neither the Bitcoin network nor our business would be possible.

To that end, CardCoins and Payvant are excited to announce that we have awarded Hennadii Stepanov a grant to work on Bitcoin Core full time. Hennadii has already been contributing in his spare time for over two years, more recently focusing on the build system, networking stack, and general peer review. We look forward to Hennadii’s continued contributions and hope to see more funding for critical open source software projects.