While bitcoin might not be the easiest software to master today, bitcoin R&D group Chaincode Labs believes it can help mitigate this issue by giving developers an option to learn in an environment that is more supportive and interactive than current online materials can offer.
Organizers said the final number of developers accepted will depend on the number of qualified applicants.
"It's really about picking a project that gives you ample room to understand the space," Corallo said, adding:
"You always hear a lot of people that want to contribute to the protocol, but find it to be really daunting. The motivation behind it is giving back to some extent and to improve the number and quality of people contributing to low-level protocol development in bitcoin."
But Corallo said that the mission is less about building a team of contributors and more about fostering a healthy learning experience.
"It's certainly not a quick process. It can take quite a while to learn all of the implications of all the ins and outs," he said.
Residency developers can investigate whatever interests them, meaning that any in a long list of projects that the Bitcoin Core development team has been working on can gain the benefit of extra contributors.
Corallo told CoinDesk:
Corallo noted that a developer's ability to support the open-source project now depends on his or her comfort with "in-depth incentive structures" and other subject areas that may require a certain nuance.
For more details about the program, view the full announcement here.
He mentioned that it took a couple of the current Bitcoin Core developers a year or so to contribute usefully, although they didn’t have the same one-on-one mentorship as offered by the residency.
"It's not necessarily about getting people to provide the most useful contributions in a month," he said.
As for what the program will entail, the organizers said the curriculum will consist of a series of talks on the bitcoin protocol but that it will be otherwise fairly loose.
As noted by Corallo, the program is in many ways an acknowledgement of the difficulties that the bitcoin ecosystem has had in onboarding new developers.
"Whatever people want to contribute to is fine, as long as it’s good for learning about bitcoin."
A bitcoin development training program will launch in New York City this September to teach new developers the basics of the protocol.
Developers image via Shutterstock
Notably, bitcoin developer and Blockstream co-founder Matt Corallo will take a leave of absence from his startup as part of a bid to support the effort.
Set the firm's headquarters in New York, the four-week "hacker residency" program aims to give developers an opportunity to work on projects that pique their interest starting 12th September.
Bitcoin Core Roadmap Unveils Signature Optimization Plan
Bitcoin Core developers released a new technology roadmap today that charts the project's planned transition from its current digital signature algorithm to a more advanced alternative.
Bitcoin Has Grown beyond Volatility Issues
The volatile nature of Bitcoin and other cryptocurrencies has worked both ways. Traders peg their hopes on volatility to make money while those who prefer investing long-term dread the price fall.
Report: Bitcoin Social Media Scams Are On the Rise
The rise in popularity and price of bitcoin has led to greater instances of scams perpetrated through social media, according to a new report.
Released by ZeroFOX, the report categorizes these new
BATS Objects to Bitcoin ETF Ruling, Plans to Appeal Decision
BATS Global Markets, a global stock market exchange based in the US, plans to appeal the March 11 decision of the Securities Exchange Commission to turn down the approval of the Winklevoss twins’
Blockchain is Overhyped and Not Quite Applicable: VC Andrew Parker
Andrew Parker, a partner at Spark Capital, a New York-based venture capital firm which transformed various early-stage startups including Twitter, Tumblr, Stack Exchange and Foursquare into
Forking is Easy, Maintaining Bitcoin Unlimited is Hard: Andreas Antonopoulos
Bitcoin and security expert Andreas Antonopoulos noted that the execution of a hard fork solution like Bitcoin Unlimited isn’t necessarily the difficult stage of development. The challenging task is
Canadian Regulator: Blockchain & Fintech Needs Open Data Access for Development
Canada’s largest securities regulator has stated that open access to data is fundamental to developing fintech solutions like blockchain technology, in a white paper, reports Reuters.
(+) Investment Recommendations: March 23rd
Bitcoin, Daily Chart
The long-term picture is still clearly positive for the most popular cryptocurrency, despite the recent volatile correction. The major trend channel is still in play, with