nChain, the blockchain research & development specialist, will support the new Electron Cash development projects with technical expertise and intellectual property licenses. For the same, CoinGeek.com has announced funding of around USD $300,000 per year for Bitcoin Cash (BCH) open source projects to be developed by the Electron Cash (EC) team.
This new Electron Cash initiative is well timed with CoinGeek.com’s funding of another open source project, Terab, which aims to facilitate terabyte size blocks on the BCH blockchain. CoinGeek.com, the EC team and nChain will mutually agree on what software projects will be done under this initiative.
nChain Group CEO, Jimmy Nguyen, added, “This three-party initiative exemplifies the teamwork that is needed, with groups around the world, for Bitcoin Cash to succeed. We’re especially excited to work with the Electron Cash team to help realize implementations of some of our patent-pending inventions – such as blinded threshold signatures.”
The EC team will use CoinGeek.com’s funding to professionalize its development groups, so they can devote more time to creating software projects for the Bitcoin Cash ecosystem. All software created in this initiative will be made available to the public for usage under an open source license, but only for usage on the BCH chain.
The EC team will manage all the developments, such as projects that include development of a new ‘native’ Android Electron Cash wallet, development of an iOS version of the Electron Cash wallet and a feature phone (Nokia) version of the Electron Cash wallet.
nChain Group CEO, Jimmy Nguyen, added, “This three-party initiative with Electron Cash, CoinGeek.com and nChain exemplifies the teamwork that is needed, with groups around the world, for Bitcoin Cash to succeed. We’re especially excited to work with the EC team to help realize implementations of some of our patent-pending inventions – such as blinded threshold signatures.”
The partnership intends to support more initiatives that will enable global growth and adoption of Bitcoin Cash.
