• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
Bitcoin protocol development

New $1.2 Million Grant Seeks Bitcoin Protocol Diversity

Jon Southurst
by Jon Southurst
8 years ago
·
Posted in Bitcoin, Bitcoin Businesses
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A new grant project aimed at greater diversity in Bitcoin development is offering $1.2 million USD to fund programming teams working on the protocol.

Also read: Waves Releases Full Node Code to Increase Network Decentralization

Many High Profile Industry Backers

In a post titled “A Statement from Members of the Bitcoin Community,” several prominent individuals and companies in the Bitcoin space declared their support. The two signers contributing to the grant fund are mining company Bitmain and Bitcoin.com.

Many supporting signers belong to the all-important Chinese Bitcoin mining industry, who have influence over a large proportion of the Bitcoin network’s total hashing power.

The post gives the following official motives and explanations for offering the grants:

  1. No “Official” Bitcoin: No particular implementation of the Bitcoin protocol holds claim to being the “official” version of Bitcoin
  2. Multiple Implementations: Diversity of bitcoin protocol implementation along with a variety of development teams is a net gain for the bitcoin community.
  3. Diversity of Innovation: The presence of more developers and more development teams will lead to greater diversity of innovation and solutions to the problems we will inevitably face as a growing industry.
  4. Bitcoin is Leaderless: Bitcoin is a leaderless community comprised of many parts, and no team of developers has decision making authority for the entire community.
  5. No Censorship: Disagreement is healthy within a complex community such as ours. Yet the benefits of discussion, debate, and dissent require communication channels to remain free and open. Although we respect the right of private communities to run themselves as they see fit, the signers of this statement implore members of bitcoin to reject censorship and encourage them to support those platforms where free and open discussion is allowed to take place.

Block Size and Censorship Issues

Blocks ColorfulThe grant project has already stirred controversy among the Bitcoin community. There are currently divided loyalties regarding who should have the privilege of developing the client software a majority of miners and nodes on the Bitcoin network use.

Although not mentioned in the statement, any new competing Bitcoin client software is bound to address the transaction block size debate. Many seeking to develop new software are frustrated at the Bitcoin Core team’s reluctance to implement flexible block sizes or a longer-term scaling solution.

Many new client supporters also claim censorship of dissenting viewpoints in Bitcoin’s quasi-official discussion forums is further hampering a rigorous discussion of what Bitcoin and its users truly need. At the same time, Core supporters claim that anything other than the protocol as set out by Satoshi Nakamoto, and improved incrementally via the BIP process, cannot be called Bitcoin at all.

Supporting the Freedom to Choose the Best Protocol

The grant initiative, however, is taking a non-confrontational approach to the issue. Backers often use the web browser analogy, saying that if only one team may develop a protocol’s “official” client software, it will lead to stagnation and special interests grabbing power. Only by offering participants a realistic choice can we see where the network itself wishes to head.

It also does not support any specific project, philosophy or even opinion on the block size issue. Nor will any client software be able to “change” Bitcoin without a majority of network nodes running it.

Development teams need to apply to have their project recognized and become eligible for a grant. Interested parties may sent an email to apply@bitcoindevelopmentgrant.com.

Do you think the grant offer is a good idea? Should Bitcoin protocol development be open to the same competition as other open-source software projects? Let’s hear your thoughts.


Images via Shutterstock.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jon Southurst

Jon Southurst

Follow

Jon Southurst has been interested in bitcoin since reading Neal Stephenson's 'Cryptonomicon' in 2012. A long-time tech writer, he has been a regular contributor at CoinDesk and has written for Kaiko.com, DeepDotWeb and ancient print publications. He lives on an artificial island in Tokyo.

Full Profile

Related Posts

Bitcoin

Analyst Says Wait For The Bitcoin Price Crack To Trigger A 70% Crash – Here’s The Target

6 hours ago
比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

14 hours ago
Bitcoin

China’s Bitcoin Mining Isn’t Dead — It’s The World’s No. 3 Contributor

15 hours ago
China officieel top 3 crypto mining - BTC koers naar $200k in 2025

China officieel top 3 crypto mining – BTC koers naar $200k in 2025?

1 day ago
Bitcoin

Cum va arăta prețul Bitcoin la final de octombrie?

1 day ago
Tesla

Tesla Rides Bitcoin Rally To $80 Million Profit In Q3

1 day ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Snorter Bot...

    1 day ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    3 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    3 days ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    3 days ago
  • 挖 1 枚比特幣耗電可供 61...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.