Coingeek Announces Funding the Electron Cash Development Team

On February 1 the cryptocurrency media outlet and blockchain company Coingeek announced it plans to fund the Electron Cash team’s development. The new Electron Cash projects will involve working on innovative plans for the bitcoin cash ecosystem and a partnership with the firm Nchain.

Coingeek Will Provide the Electron Cash Team $300,000 Per Year to Continue Adding Value to the Bitcoin Cash Ecosystem has announced funding the team who created the Electron Cash wallet, one of the first wallets to support the bitcoin cash (BCH) protocol. The blockchain company led by the billionaire entrepreneur Calvin Ayre will fund Electron Cash with $300,000 USD per year for Bitcoin Cash (BCH) open source projects. Both Coingeek and the blockchain firm Nchain believe that the Electron Cash wallet is a “tailored fit” for the BCH chain.

Jonald Fyookball: “The Funding Will Help Achieve the Original Satoshi Nakamoto White Paper’s Vision”

The Electron Cash wallet’s development has been led by the pseudonymous programmer, Jonald Fyookball, who believes bitcoin cash is the ‘true bitcoin.’ Fyookball thinks BCH meets the Satoshi Nakamoto white paper’s description of a “peer-to-peer electronic cash system.” The Electron Cash team plans to use the funding to expand development groups, while also focusing its energy on other open source software projects for the BCH network. The team plans on creating a ‘native’ Android Electron Cash wallet, an iOS version, and even a feature phone (Nokia) version of the client. Nchain will provide the team with technical advice, R&D support, and the firm’s chief scientist, Craig Wright, has plans to work with the Electron Cash developers.

“To have this level of financial muscle from Coingeek and technical expertise from Nchain means we have the resources to develop numerous software projects that will help the BCH community,” explains the Electron Cash lead developer Jonald Fyookball.

We are excited to contribute our part to help achieve the original Satoshi Nakamoto white paper’s vision that got us all so excited in the first place.


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