Independent Reserve is pleased to announce that we will be sponsoring Australian Bitcoin Core maintainer Michael Ford (AKA Fanquake). We will be contributing AU$2,000 per month for a total of 12 months.
This grant is provided in conjunction with 100x Group, operators of the BitMEX platform, who will be providing approximately AU$125,000 over a 12 month period.
An integral role
“Bitcoin is an amazing piece of technology. The confidence people have in Bitcoin is underpinned by its security and stability. The Bitcoin core developers play an integral role in safeguarding that stability,” said Adrian Przelozny, CEO of Independent Reserve. “As an Aussie exchange, we’re excited to support a local developer. Michael has an interesting life and a great story about how he got into Bitcoin; and his story is reflective of how Bitcoin touches and improves the lives of many – irrespective of where they are or their background.”
Without the Bitcoin core development team, Independent Reserve and the blockchain industry as a whole couldn’t be where we are today. So we want to give back and say thank you for all their great work.
Alexander Höptner, CEO of 100x Group said “100x Group is pleased to provide long-term financial support for open source developers like Michael, who build the infrastructure on which our business and many others depend. The grant is provided without conditions to ensure Michael is free to work on projects of his choosing. We are also pleased to work alongside Independent Reserve – both organisations consider Bitcoin development extremely important work.”