Vinteum to finance Bitcoin developers in Brazil – Bitcoin Magazine
- Vinteum is a non-profit organization dedicated to decentralizing the open source development of Bitcoin in Brazil.
- The non-profit organization intends to expand to the whole of Latin America, and in the long run finance development all over the world.
- Bruno Garcia will be the first Bitcoin Core developer to be funded through Vinteum.
Vinteum, a non-profit organization dedicated to Bitcoin research and development, will train and fund open source developers for the Bitcoin ecosystem in Brazil, according to a press release sent to Bitcoin Magazine.
As the broader ecosystem has developed over the years, several exchanges and other organizations have donated varying amounts of funds to Bitcoin’s open source development, and even legal defense. Also, other companies like Lightning Labs, Blockstream, and NYDIG go so far as to put Bitcoin developers on their payroll.
Therefore, each organization and company with a developer on the payroll or dependent on a grant may have their own priorities or motivations, which can arguably present a centralized front for open source development. Vinteum believes that it is up to each individual, each company and even each region to create funding for and education of Bitcoin developers to promote the decentralization of Bitcoin development.
“Educating and introducing more developers to Bitcoin and Lightning is critical if we want it to scale to billions of people,” Vinteum CEO Lucas Ferreira told Bitcoin Magazine. “The development ecosystem will be more robust and resilient if we have different entities funding developers from around the world. We have a lot to work on and we need input from a diverse set of engineers so we can build a truly global and inclusive monetary system and payment network .”
Furthermore, Vinteum plans to expand its Bitcoin development network beyond Brazil by diversifying into the wider Latin America region. So the nonprofit ultimately intends to push global input from developers around the world to build and expand the Bitcoin network.
To bring developers on board, Chaincode Labs Seminar’s curriculum will be translated into Portuguese, allowing Brazilian Bitcoin developers to interact within cohorts. In the meantime, Vinteum will also work on developing its own teaching material for the future.
The first Bitcoin Core developer to be funded by Vinteum will be Bruno Garcia. Garcia will not only work on Bitcoin Core development, but he will also join the Vinteum team as the third founding member. The two remaining founders are Ferreira, and André Neves, CEO of ZEBEDEE, a bitcoin-only gaming and Lightning payment infrastructure company.
