The Bitcoin Development Fund: Advancing the Bitcoin Network with Human Rights Foundation
Bitcoin, the decentralized digital currency, operates without a central authority overseeing its development. As an open-source platform, Bitcoin allows anyone to contribute to its network and make enhancements. Embracing this principle, the Human Rights Foundation (HRF) is now offering Bitcoin rewards to elevate the network to new heights.
Bitcoin Reward Initiative by the Human Rights Foundation
The HRF is a non-profit organization dedicated to promoting and protecting human rights globally. In its latest initiative, the HRF will distribute ten individual rewards, each valued at two bitcoins, to facilitate easier and more private usage of Bitcoin and the Lightning Network.
The HRF recognizes Bitcoin, in particular, as a potential solution to evade centralized government control over money.
The organization will share all submissions for the ten rewards with external industry experts to verify their accuracy and feasibility. Applications will be accepted until December 31, 2024. Any unclaimed rewards will be returned to the Bitcoin Development Fund of the HRF, a donation pool established in 2020.
These rewards strongly emphasize privacy, censorship resistance, and self-sovereignty, shedding light on some of the pressing issues faced by the Bitcoin blockchain in today’s world. Over time, additional rewards may be added to the existing list.
The rewards are not solely focused on the Bitcoin network itself. A reward is also promised to the individual who can develop end-to-end encrypted Nostr group chats. Nostr is the parent network of Damus, a decentralized alternative to Twitter.
The Bitcoin Development Fund
In December 2021, the HRF previously launched three separate bitcoin rewards, each valued at 3 BTC. The HRF has long been an advocate for Bitcoin and has already provided millions of dollars through the Bitcoin Development Fund to enhance the network.