• The $59K Bitcoin Bounties Program at NYDIG has begun paying developers who improve the network

  • According to sources, the program, which began two weeks ago, has so far paid out $1,800.

    According to sources familiar with the matter, the two-week-old Bitcoin Task Bounties program run by blockchain financial services firm NYDIG to reward developers for improving the Bitcoin network has paid out $1,800 for two tasks completed so far.

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

    Individuals who want to contribute to the network can go to the Task Bounties page, choose a task to complete, and receive payment in US dollars or the equivalent amount of bitcoin (BTC) once the task is completed.

    The bounty for current tasks ranges from $600 to $8,400 per task, and NYDIG has set aside $59,000 to be paid out. Fixing bugs, configuring block height, managing consensus checks, and other tasks are all part of the job.

    NYDIG’s goal is to bring blockchain technology into the mainstream by providing financial services to corporations. The company raised $1 billion in funding in December to develop its product infrastructure. In February, it launched a program for businesses to allow employees to receive a portion of their pay in bitcoin.

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

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