Quarter Million Dollars Already Raised in Bitcoin Cash 48 Hour Challenge
Bitcoin Cash (BCH) is on a roll lately, scoring new mainstream adoption platforms in countries like the United States.
But it’s still a comparatively little player among the system, relative to Bitcoin Core (BTC) maybe. For these reasons and a lot of, BCH enthusiasts area unit taking part in an exceedingly forty eight hour matching donation challenge, hoping to help the non-profit-making Fund in its mission to assist bring the digital currency to at least one billion folks in 5 years.
Donate to Bitcoin Cash Fund in Next 48 Hours, and it’ll be Matched
Late weekday night, BCH enthusiast @jarenfeser denote to the popular subreddit /r/btc, a well-liked and unexpurgated forum. The thread right away was a challenge. “Over future forty eight hours i'll match all donations created to The Bitcoin money Fund (up to three hundred BCH),” he wrote.
The Bitcoin money Fund describes itself as “A community-driven, grassroots project to accelerate the adoption of Bitcoin money.” Bitcoin money, of course, forked from Bitcoin Core in August of last year in response to increasing group action fees and mempool congestion inflicting long wait times plaguing bitcoin core. Since its beginning, BCH has, in precisely a number of months, cussedly remained within the high four cryptocurrencies by capitalisation, together with a quick stint as variety two, usurping ethereum.
These area unit exciting times for BCH, as News.Bitcoin.com according widespread bitcoin payment supplier Bitpay additional BCH to its Visa open-end credit program for us residents. And this was once a slew of alternative adoption news, resembling bitcoin money tip bots for wire and even new ATMs for the redistributed cryptocurrency.
Because BCH wasn’t created by a government nor corporation, associate organic non-profit fund was started to help in its adoption growth. “Currently, we tend to area unit wanting to push any non-profit project which will facilitate promote the adoption of Bitcoin money. samples of comes we’re funding currently area unit Bitcoin money video tutorials,” the fund explains, “a BCH-specific JavaScript library, associated an data pack to assist businesses adopt BCH. We’ve antecedently funded the unimaginable TX route, additionally as Bitcoin money meetups everywhere the planet.” BCH supporters area unit inspired to submit adoption ideas.
Redditor @jarenfeser conjointly listed addresses he’ll monitor, promising, “I´ll check it each few hours and match any new deposits:”
https://explorer.bitcoin.com/bch/tx/1ecf924a7f4637faeed02135998f5bab25c9c4c93637b92b3b35cb9f63373bcf
https://explorer.bitcoin.com/bch/address/39M95ZPG2M5DJ9CizQmqSsnt2N3EJyzpSR
https://explorer.bitcoin.com/bch/tx/d567e3375d810c9602e9d489ae71769e0b419a70bf0b1b15d13dfaa55e2809f5
https://explorer.bitcoin.com/bch/tx/f1850f86e4a3f6d12a536c36e137e0fad2092559f867f218de79ef054dfa80f7
BCH supporters have already given $250,000 to the fund as of a mere eight hours into the challenge, together with support from Satoshi Dice. With solely a touch over every day remaining, those want to maximise donations area unit asked to purpose their wallets to the QR code (see inset) or to click over to the fund itself.
Disclosure: Bitcoin.com chief operating officer Roger Ver is associate adviser to the Bitcoin money Fund.
What do you think of nonprofit crowdfunding for decentralized projects? Let us know in the comments section below.
This post has received gratitude of 1.99% from @appreciator courtesy of @salahsteem!