The Modern York-based nonprofit organization promoting human rights around the world is once again providing cryptocurrency grants to various projects around the world. Human Rights Foundation (HRF) awarded seven Bitcoins worth $706,000 to 20 different projects aimed at supporting people in countries under oppressive governments.

Larger subsidy this year

In a press statement, HRF announced that it has awarded another round of funding to various projects in different countries, adding that project financing is part of the non-profit organization’s activities Grants from the Bitcoin Development Fund.

The foundation said this year’s crypto grant of more than $700,000 is significantly larger than the previous funding made available by the organization two years ago.

In 2022, HRF provided $325,000 to various global projects through Bitcoin Development Fund grants.

This year, the Modern York-based nonprofit awarded 217% more funding than it did in 2022, saying the foundation donated 20 projects around the world seven Bitcoins with an estimated value of $706,000 at launch.

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Bitcoin: global projects

According to HRF, the beneficiaries of the Cryptocurrency Development Fund are projects in countries with authoritarian governments in the Latin American, Asian and African regions.

The foundation explained that it has awarded funding to 20 global projects focusing on “technical education for people living in authoritarian regimes, independent media, mining decentralization and providing human rights groups with more private financial solutions.”

The organization said the grant would be shared between 20 scholarship recipients BTC worth $706,000. However, the foundation did not provide any details on how much each project will receive from crypto-subsidies.

Two scholarship holders

There are scholarship recipients Layer V2 Reference Implementation (SRI), which HRF says is “open-source software that decentralizes Bitcoin mining by allowing nodes to construct their own block templates.”

The foundation explained that SRI advocates solo mining and less dependence on gigantic mining companies. It also strengthens the cryptocurrency’s permission-requiring and censorship-resistant features.

“The funding will support Bit-aloo developer’s full-time work on SRI, including benchmarking tools to evaluate Stratum V2 performance, integration testing, codebase maintenance and software documentation,” HRF said in a press release.

Another grant winner is Africa’s first female Bitcoin Core programmer, Naiyoma. HRF said Naiyoma is from Kenya, where she leads work to support “an open financial system rooted in transparency, freedom and justice.”

The foundation added that a cryptocurrency grant would be an excellent support for it as it continues to push for the development of Bitcoin Core.

HRF is an American non-profit organization that supports Bitcoin because of its potential to fight oppressive governments and as a tool to provide people with financial freedom.

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