The Human Rights Foundation (HRF) has stepped into the world of cryptocurrencies with a substantial initiative. The organization has recently established a bug bounty program, offering a reward of 20 Bitcoins. This program aims to enhance Bitcoin’s functionality, especially for the users of mobile wallets worldwide.
Human Rights Foundation Launches Bitcoin Bounties Initiative
HRF’s initiative is centered around refining ten significant areas of the Bitcoin protocol. These identified areas for improvement are primarily inspired by interactions with global activists. The objective is to create an optimized Bitcoin user experience, enabling activists to navigate the cryptocurrency sphere more efficiently.
A Bounty for Each Improvement
Each of the ten identified improvements comes with an attractive bounty of 2 Bitcoins, roughly estimated at $60,000 according to CoinGecko. These bounties are designed to tackle existing challenges within the Bitcoin protocol, with six out of ten specifically aimed at enhancing the mobile wallet experience.
Open-Source Design Elements and Censorship-Resistant Platforms
One of the prominent bounties focuses on creating open-source design elements for Bitcoin projects. The objective is to move away from proprietary design tools like Figma, and instead provide developers with a free Bitcoin User Interface (UI) guide.
Additionally, another bounty is directed towards the expansion of Nostr, a censorship-resistant social platform. Backed by Twitter CEO Jack Dorsey, this platform has recently gained significant attention within the tech-savvy crypto community.
Bounties Funded by the Bitcoin Development Fund
The funds for these bounties originate from the HRF’s Bitcoin Development Fund. This fund is a sector of the foundation dedicated to promoting financial freedom for human rights defenders globally. Alex Gladstein, HRF’s Chief Strategy Officer, emphasized Bitcoin’s integral role in the global struggle for human rights and financial independence.
Claiming the Bounties
As of now, the bounties remain unclaimed. Interested parties have until the end of 2024 to take part in this initiative. Concluding his statement, Gladstein expressed hope about the potential of these bounties, possibly inspiring other institutions to adopt similar approaches in the future.