CoinGeek.com announces funding of up to USD $300,000 per year for Bitcoin Cash (BCH) open source projects to be developed by the Electron Cash team. Electron Cash is an electronic wallet tailored for the BCH chain. nChain, the blockchain research & development specialist, will support the new Electron Cash development projects with technical expertise and intellectual property licenses. This new Electron Cash initiative comes hot on the heels of CoinGeek.com's funding of another open source project, Terab, which aims to facilitate terabyte size blocks* on the BCH blockchain.
Led by Jonald Fyookball, the Electron Cash team believes that Bitcoin Cash is the true Bitcoin, and fulfils the Satoshi Nakamoto white paper's vision for a peer-to-peer electronic cash system. The Electron Cash team will use CoinGeek.com's funding to professionalize its development groups, so they can devote more time to creating software projects for the Bitcoin Cash ecosystem. All software created in this initiative will be made available to the public for usage under an open source license, but only for usage on the BCH chain.
The Electron Cash team will manage all development. Enhancing CoinGeek.com's financial investment, nChain will provide technical advice, support from its research and development team members, and intellectual property licenses when relevant for selected projects. nChain's Chief Scientist Craig Wright will work with the Electron Cash team to advise on projects.
In addition to this partnership with Electron Cash, CoinGeek.com intends to support more initiatives that will enable global growth and adoption of Bitcoin Cash. If you are a developer or technology venture that needs funding to develop projects or applications for the Bitcoin Cash chain, send your pitch via http://coingeek.com/contact.
SOURCE CoinGeek.com
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