Bitcoin Core developer Jonas Schnelli to receive a $96,000 grant from Marathon

The Nasdaq-listed mining company Marathon Patent Group will award a grant to Bitcoin Core developer Jonas Schnelli.

I’m proud to announce my new sponsor for my work on Bitcoin. Marathon Patent Group, the largest North American Bitcoin miner.
You guys are amazing. Special thanks to @mokamoto https://t.co/KbZkMBgS2I

— Jonas Schnelli (@_jonasschnelli_) January 28, 2021

According to The Block, the grant of $96,000 will be paid in equal monthly installments in Bitcoin over the course of a year. According to Schnelli, he will use the funds to continue work on Bitcoin Core, which he has been developing since 2013.

“It’s a reasonable salary. However, it’s far less than what I could earn as a corporate software developer. But I work for the idea of Bitcoin, not for money,” the specialist added.

According to Marathon’s CEO Merrick Okamoto, the company believes it is important to contribute to the development of the ecosystem of the first cryptocurrency. He added that the absence of specialists like Jonas could affect Bitcoin adoption, and thus the company’s business.

In December 2020, Bitmain ceased funding the Bitcoin Core developers, which had continued for three years. Soon they received their first grants from the cryptocurrency exchange Coinbase.

Jonas Schnelli is not only a leading Bitcoin Core developer but also a prominent member of the cypherpunk community. In an interview with ForkLog, he spoke about the nature of cryptocurrency privacy, the potential move away from Proof-of-Work, the next milestones on Bitcoin’s development path, and obstacles to broad adoption.

Jonas Schnelli: Bitcoin’s price will rise after transforming cryptocurrency into a global payment system

On January 14, the updated version of the Bitcoin Core client 0.21.0 was released.

Subscribe to ForkLog’s news on Telegram: ForkLog Feed — all the headlines, ForkLog — the most important news and polls.