Jack Dorsey donates $10 million to support Bitcoin development
Jack Dorsey, the co-founder of Twitter, has donated $10 million to support the development of Bitcoin. The donation was made to the non-profit organization OpenSats, which funds open source projects and other projects aimed at advancing Bitcoin development.
Of the total amount, $5 million will go towards the development of Nostr, a decentralized social network protocol that introduced the Bitcoin reward function ‘Japs.’ The remaining $5 million will be used to support other projects aimed at advancing Bitcoin development.
OpenSats has previously provided funding to the Bitcoin Policy Institute, a US think tank. The organization’s focus on open source projects and Bitcoin development has made it a go-to destination for donations from individuals interested in the development of the cryptocurrency.
Jack Dorsey’s donation is significant not only because of the amount but also because of his status in the tech industry. Dorsey was the CEO of Square in the US, and his position as the co-founder of Twitter has made him a household name.
In 2008, he was selected as one of the world’s top 35 inventors by TR35, an MIT technology evaluation magazine. His interest in Bitcoin is well known, and in 2019, he revealed himself to be a Bitcoin Maximalist, saying that he believed Bitcoin would ultimately dominate the market, and he would only invest in Bitcoin.
The donation by Dorsey is likely to further advance the development of Bitcoin and open source projects aimed at advancing the cryptocurrency. It may also inspire others in the tech industry to support the development of Bitcoin, which could have a positive impact on the cryptocurrency’s future.
Jack Dorsey’s $10 million donation to OpenSats to support Bitcoin development is a significant move that could further advance the cryptocurrency’s development. His interest in Bitcoin and support for open source projects aimed at advancing it is likely to inspire others to support the development of the cryptocurrency.
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