Dogecoin (DOGE) Core Contributors To Get 10% Of Tip Jar As Rewards

Dogecoin DOGE/USD Core contributors will earn 10% of the total amount in the tip jar at payout time, said DOGE Core developer Patrick Lodder.

What Happened: In a Github post on Sunday, Lodder and former Dogecoin Core developer Ross Nicoll discussed the weighted payout calculation to the network’s maintainers from Lodder’s estimations.

“I'm paying out all tips I received. My recommendation for the original tipjar would be to allocate 10% of whatever is in it at payout time for bigger releases from now on - that way, there is a future,” said Lodder.

Payouts to developers from the tipjar were first proposed by Lodder in July as a way to reward those who contributed to a core blockchain upgrade either with their own code, bug fixes, or new features.

“As you may have realized, I often receive tips for work done on this repository, especially whenever we do a release. These tips however aren’t mine alone: they belong to everyone that did the work to get to the release, because our users often don't know who did what,” said Lodder at the time.

The DOGE Core maintainer saved all the tips he received and vaulted them in a time-locked p2sh address to be paid out to developers.

Since Lodder announced the vault, several DOGE community members began tipping the vault directly. The developer also noted that the newest release had 102 contributions from 46 different authors, out of which only 13 were backports from Bitcoin Core.

See Also: IS DOGECOIN A GOOD BUY?

Price Action: At press time, DOGE was trading at $0.062, down 2.19% over the last 24 hours, as per data from Benzinga ProBitcoin BTC/USD was trading at $19,660, down 1.9% over the same period.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarketsdogecoinDogecoin CorePatrick LodderRoss Nicoll
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...