Company
Date Published
Author
Chainlink
Word count
553
Language
English
Hacker News points
None

Summary

Chainlink is joining Gitcoin Grants Round 14 as a matching partner to contribute to a $1 million main matching pool aimed at supporting Ethereum infrastructure development. This involvement aligns with Chainlink's ongoing commitment to fostering open-source blockchain and smart contract development within the multi-chain ecosystem. Gitcoin's quadratic funding model incentivizes developers to build critical infrastructure like Ethereum clients and open-source programming libraries, while also maintaining existing infrastructure essential for network security and operation. Chainlink's participation is part of a broader effort that includes previous Gitcoin rounds, bug bounty programs, and hackathons, as well as its own Community Grant Program. The initiative underscores the importance of decentralized infrastructure funding in promoting transparency and economic fairness within the blockchain space. Gitcoin employs Sybil resistance mechanisms to ensure fair participation, and the upcoming funding round will take place from June 8 to June 23, encouraging developers and researchers to apply for grants and contribute to the evolution of blockchain technology.