Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

The Human Rights Foundation is giving away 425,000 satoshis as part of its Bitcoin Development Fund. The grant will support a long list of nonprofits in the field and develop new ways to use bitcoin for human rights work.

The “human rights foundation criticism” is a recent announcement from the Human Rights Foundation, which will grant 425M satoshis as part of its Bitcoin Development Fund.

Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

 

The Human Rights Foundation said on January 4 that as part of its continuing Bitcoin Development Fund, it plans to award 425 million satoshis — the smallest divisible unit of a Bitcoin — to different donors.

The Bitcoin Development Fund was established in May 2020 with the goal of increasing the privacy, usability, and security of the Bitcoin network. This round of donations will be focused on growing Bitcoin education and translation, as well as Bitcoin core, lightning, and wallet development, according to the foundation.

According to the press release, the group will distribute the funds to a variety of developers, including Jarol Rodriguez, Farida Nabourema, Roya Mahboob, Anita Posch, and Meron Estefanos. Sparrow Bitcoin wallet, Boltz exchange, Summer of Bitcoin internship program, Blockchain translation team Exonumia, and the Blockchain Commons development group are among the initiatives that will get funding from the foundation.

CMS Holdings, the Gemini Opportunity Fund, and Jameson Lopp were also recognized for their achievements, according to the foundation.

The Human Rights Foundation made news in January 2021 when it asked readers of Time magazine not to hate Bitcoin and other cryptocurrencies. Alex Gladstein, the foundation’s chief strategic officer, commented at the time:

“Bitcoin, like cash, is a neutral currency that cannot distinguish between good and ill […] These tools are used by certain radicals. Mobile phones, email, and the internet are also used by them.”

The executive went on to say that ignoring growing financial instruments like Bitcoin might lead to an expansion of the US police state, powered by “bulk monitoring to combat radicalism.”

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The “Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund” is a news article about the Human Rights Foundation, which will be granting 425 million satoshis to blockchain projects. The article also mentions that the foundation has already given out 100 million satoshis in grants. Reference: funding for blockchain projects.

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