"The foundation will serve 'as the steward' of the Citrea Network, supporting open-source development, fostering community growth, and expanding access to Bitcoin applications focused on self-custody, privacy, and capital market activity."
"The foundation will fund cryptography research and infrastructure projects designed to create trustless bridges that remove reliance on external collateral or liquidity constraints. It will also provide strategic support to developers and projects that expand Bitcoin's financial utility, offering grants and technical guidance to foster a broader ecosystem of capital-efficient applications."
"By coordinating research, funding development, and engaging the community, the foundation intends to expand access to Bitcoin applications and reduce barriers for users."
Citrea Foundation, an independent organization backed by Founders Fund and Galaxy Ventures, was created to steward the Citrea Network and advance Bitcoin's programmable ecosystem. The foundation focuses on open-source development, community growth, and expanding access to Bitcoin applications emphasizing self-custody, privacy, and capital market activity. It will fund cryptography research and infrastructure projects to create trustless bridges while providing grants and technical guidance to developers. The foundation's board, led by Orkun Kilic and including Murat Karademir, ensures activities align with decentralization principles. The initiative aims to reduce barriers for users and institutions participating in the network while maintaining decentralized governance and supporting capital-efficient applications.
#bitcoin-infrastructure #decentralized-development #cryptocurrency-foundation #programmable-bitcoin #ecosystem-growth
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