The non-profit organization Brink, founded by renowned Bitcoin developers John Newbery and Mike Schmidt in 2020, has published its annual report for 2023. The report reveals that Brink received over $2.4 million in donations from more than 500 contributors, with Jack Dorsey's StartSmall initiative being a major donor. Brink's expenses for the year totaled around $1.6 million, with over $1.2 million going directly to developer salaries and grants. The organization aims to provide financial support and mentorship to promising developers working on open-source Bitcoin development, helping to ensure adequate funding for critical work on the protocol. The report also highlights the achievements of Brink-sponsored developers in various areas of Bitcoin improvement. The transparency provided by the annual report validates Brink's role in sustaining Bitcoin as a decentralized open source project.



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