- HRF and Strike will grant 1 BTC for developers that solve all of three challenges theyre putting out for Lightning development.
- The initiative targets privacy, dollar liquidity, and bitcoin donations.
- HRFs research in to the needs of Bitcoin users worldwide inspired this program.
The Human Rights Foundation is partnering with Lightning Network payments platform Strike to launch a couple of bounties for Lightning development, wanting to incentivize the implementation of crucial wallet features intended for probably the most pressing needs of global Bitcoin users today.
HRF and Strike said in a statement they are setting three challenges corresponding to the implementation of functionalities that concentrate on privacy, dollar liquidity, and the capability to receive donations easier.
Each one of these things are tricky at this time in Bitcoin, HRF chief strategy officer Alex Gladstein told Bitcoin Magazine. The theory was to synergy with Strike and see if we’re able to push these three areas in the coming 12 months, because we realize they are essential for journalists, dissidents, and activists.
The initial developer or group to successfully ship each specified feature will get a 1 BTC grant from HRF, sponsored by Strike and funded through its charitable affiliate, Bitcoin Worldwide Development Foundation.
We as a residential area have to continue supporting those building the various tools that will shape the planet we spend the others of our lives in, Strike founder and CEO Jack Mallers told Bitcoin Magazine. Were forever with debt to the open-source community which has made Bitcoin what it really is today, and that may continue steadily to build Bitcoin into what it really is destined to be tomorrow.
You can find no limits on the amount of challenges an individual entity can solve; a person or team can collect one, two, or all bounties. CMS Holdings can be supporting the initiative.
Were very excited to get this done and grateful for Strike and CMS Holdings for helping get this to project possible, Gladstein added.
Challenge 1: Lightning Tip Jar
The initial challenge pertains to bitcoin donations through Lightning. Its goal would be to enable one to use free and open-source software (FOSS) to print a QR code you can use for receiving Lightning payments privately.
HRF and Strike will grant 1 BTC to a FOSS non-custodial wallet that integrates BOLT 12 functionality with their wallet in order that any user can merely generate a QR code from their wallet that may be shared with the planet as a receive address or Lightning tip jar, based on the statement.
Senders scanning the QR can pay X amount and that amount should get to the users non-custodial wallet. The QR code shouldn’t reveal the general public key or Ip of an individual, the statement specified.
Challenge 2: Stabilized Lightning
The next functionality would enable one to peg some bitcoin to U.S. dollars without needing an exchange or another token.
The task will reward 1 BTC to a FOSS non-custodial wallet that allows their users to peg their Lightning balance to the U.S. dollar, based on the statement.
HRF said they dont have a particular implementation requirement of this but suspect it has something regarding contracts for difference, adding they realize that is an ambitious goal, and that submissions could be prototypes. It’ll be around the reviewers to choose exactly what will qualify as successful.
Bonus points if the mechanism that an individual interacts with to peg their Bitcoin to USD is really a slick slider, the statement added.
Challenge 3: E-Cash
The 3rd and final challenge aims to tackle a dependence on transactional privacy by way of a Chaumian e-cash arrangement make it possible for anonymous bitcoin usage for users.
HRF gives a prize of just one 1 BTC to a FOSS non-custodial wallet that provides their users the choice to enter a (likely) custodial arrangement where Bitcoin could be delivered to other users of this wallet using Chaumian e-cash, the statement said. The arrangement ought to be in a way that the wallet administrators cannot know the identity of these users, their balances, or transaction histories. One suspects this might be considered a federated system, but all submissions will undoubtedly be considered.
How exactly to Participate
Any team, small or large, is permitted compete. The initiative will launch on January 1, 2022, and run until December 31, 2022. Solutions have to be submitted as proof by means of an operating wallet functionality to email@example.com. HRF will share them with nonprofit organization OpenSats for review.
Approval of the bounty release will demand a unanimous vote on OpenSats nine-person board, and HRF retains the ultimate word in allocating the reward, which is collected by the initial submission to provably solve the task.
We shape our tools, and thereafter, our tools shape us, Mallers said. It is very important that the bright minds focusing on Bitcoin get the chance to remain independent, without commercial interest or corporate reliance, allowing their goals and interests to stay pure to bitcoin and its own ethos.
Along with journalists, activists, and dissidents, all Bitcoin users could reap the benefits of having these features implemented into FOSS Lightning wallets, Gladstein said. If any bounties dont get claimed, HRF will convert them into general operating funding because of its Bitcoin Development Fund on January 1, 2023.
I believe those three things are huge for Bitcoin, so were excited to get this done and see what goes on, he added. Worst case scenario, Bitcoin developers, wallet creators, and educators get funding.
HRF also said the bounties will be considered a prize under U.S. law, meaning recipients should complete identifying paperwork to claim the prize.