Bitmain Drops Further Sponsorship of Bitcoin DevelopmentChinese mining company Bitmain is no longer a sponsor of Bitcoin development.

Bitmain Drops Further Sponsoring Bitcoin Development

Chinese mining company Bitmain no longer sponsors bitcoin development.

Bitcoin Core technical administrator Jonas Schnelli said that the company refused to cooperate with him.. In addition, she broke off relations with bitcoin developer Joao Barbosa, Schnelli claims..

According to data collected by the exchange BitMEX crypto derivatives, which itself actively allocates grants for the development of bitcoin, Bitmain sponsored only these two developers.

Schnelli writes that he has received support from Bitmain for three years. The developer thanked the company for their assistance, "despite their differences of opinion," and stated that he was open to receiving sponsorship payments. According to the developer's GitHub page, in present time it has 41 sponsors; many in the comments also expressed their willingness to support him.

Unlike some other developers, Schnelli is working full-time on Bitcoin development. He got acquainted with cryptocurrency in 2011 and first took part in coding for it in 2013, since then contributing about 30,000 lines.

According to some opinions, Bitmain's refusal from further cooperation with Shnelly is due to the fact that the company is not interested in supporting developers focused on second-tier solutions, one of the consequences of which is a decrease in miners' income. Shnelly himself states, what is currently is busy with a proposal to improve bitcoin BIP324 - a message transport protocol with additional capabilities to protect network participants.

Bitmain did not comment on its decision.

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