Bitwise Donates $100,000 to Support Ethereum Developer Initiatives

The crypto asset manager directs funding to Protocol Guild and PBS Foundation, two nonprofit groups maintaining Ethereum’s open-source infrastructure.

55d ago

Summary

Bitwise announced a $100,000 contribution to support developers working on Ethereum’s open-source network. The funds will be split between Protocol Guild, which manages compensation for core Ethereum contributors, and PBS Foundation, a nonprofit focused on advancing proposer-builder separation technology. This donation underscores Bitwise’s commitment to sustaining the decentralized development ecosystem that secures and upgrades Ethereum.

Terms & Concepts

Open-source developers: Programmers who collaboratively build and maintain publicly accessible software without proprietary restrictions.
Protocol Guild: A collective funding initiative that distributes grants to core Ethereum contributors for ongoing network maintenance.
Proposer-builder separation (PBS): A protocol design concept enhancing Ethereum’s security and fairness by separating block proposing and building roles.