Golden Finance reports that the cryptocurrency field has received a major piece of news. Dennis Porter, the co-founder of Satoshi Action Fund, publicly announced on social media that he would terminate the financial support for the core development of Bitcoin.
Porter elaborated in detail on the reasons for making this decision in his tweet. He recalled that during his foray into the Bitcoin field, he had helped raise over 200,000 US dollars for Bitcoin core developers and contributed to the project’s development. However, nowadays he has lost confidence in the work of the core developers of Bitcoin. It is precisely this transformation that has prompted him to make the decision of no longer providing financial support.
The core development of Bitcoin is crucial for the stable operation and technological iteration of the Bitcoin network. The move by Satoshi Action Fund to stop providing financial support will undoubtedly cause a stir in the cryptocurrency community. At present, the core developer team of Bitcoin has not responded to this matter. In the future, whether the progress of Bitcoin core development will be affected without this financial support and how the community will deal with the funding gap have all become the focus of the industry’s attention. The subsequent development of this incident will continue to influence the dynamics of the Bitcoin ecosystem and is worthy of close attention from all market participants.
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