The firm noted in a press release that it joins two other bitcoin mining companies, Braiins and Marathon Digital Holdings, in funding the development of Bitcoin Core. Compass Mining’s contribution constitutes a one-year grant to Atack, and is being made through HRF, the release notes.
“We believe it is essential for Compass to support the development of the protocol on which our entire industry is based,” said Whit Gibbs, CEO of Compass. “Without contributors like Jon, the speed and quality of Bitcoin development would suffer significantly. Our entire team is excited to build a relationship with Jon and support his important work,” Gibbs noted.
As reported by CryptoNews, Jon Atack has already received grants from companies like Square Crypto to support his work on Bitcoin Core. The media outlet also noted the integration of the Invisible Internet Privacy Project (I2P) into Bitcoin Core, an initiative led by Atack.
Commenting on developer Jon Atack’s contribution, HRF’s Chief Strategy Officer Alex Gladstein said, “HRF is thrilled to be working with Compass to support Jon and Bitcoin Core.Jon has been a vital contributor to the world’s open source money project and we look forward to helping make his work possible this year.”
Atack is a prolific Bitcoin developer, reflecting on his Github profile 1,924 contributions in the last 12 months. He started contributing to Bitcoin Core in March 2019 and was added as a developer in November 2019. He is ranked #14 among Bitcoin Core developers by number of code contributions, with 434 “commits” or recorded changes to that code. Marco Falke and laanwj lead this list with over 1,700 commits each.
While there has been an increase in contributions to Bitcoin developers from companies in the bitcoin ecosystem, in the past these initiatives were almost non-existent, to the point that some developers considered looking for jobs in development companies, as we reported here. When you look at the intense activity of developers, the current subsidies may not be enough to make their important work sustainable.