NYDIG’s $59K Bitcoin Bounties Program Begins Paying Developers Who Improve the Network

Blockchain financial services firm NYDIG’s two-week old Bitcoin Task Bounties program to pay developers to improve the Bitcoin network has paid out $1,800 for two tasks that have been completed so far, according to sources familiar with the matter.

The program’s goal is to improve the Bitcoin network and engage with the Bitcoin community by rewarding coders who complete these tasks.

Individuals who want to contribute to the network can visit the Task Bounties page, select a task to complete and receive payment in U.S. dollars or the equivalent amount of bitcoin (BTC) upon completion of the task.

NYDIG has earmarked $59,000 to be paid out, with the bounty for current tasks ranging from $600 to $8,400 per task. Tasks include fixing bugs, configuring block height managing consensus checks and more.

NYDIG seeks to advance blockchain technology into mainstream use by providing financial services for corporations. In December, the company raised $1 billion in funding to develop its product infrastructure. More recently in February, it launched a program for companies to allow employees to receive a portion of their paychecks in bitcoin.

NYDIG is looking for ways to grow the Task Bounties program, such as by sponsoring The Bitcoin Commons in Austin to recruit developers to improve the network.

Read more: Institutional Bitcoin Broker NYDIG Valued at $7B in Whopping $1B Funding Round