Bitcoin Friendly Law Firm Raises Core Development Support to $25k

Perkins Coie LLP, which was the first law firm to financially support bitcoin’s core development via Bitcoin Foundation, has raised its

Perkins Coie LLP, which was the first law firm to financially support bitcoin’s core development via Bitcoin Foundation, has raised its 2015 contribution from $5,000 to $25,000.

The foundation supports two core developers, Gavin Andresen and Wladimir van der Laan. Out of a reported total of 270 such developers, the two are said to have contributed 48% of all commits to the core protocol.

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The foundation has recently shifted its focus from regulatory advocacy to advancing Bitcoin’s core protocol. It wrote in a blog: “In order to get to Version 1.0 core developers need ongoing funding as well as full-time testers to join the team.”

Perkins Coie LLP also organizes the Decentralized Virtual Currencies Industry group, which is said to be comprised of 35 lawyers from diverse practice areas. It was formed in May 2013 to provide assistance to virtual currency clients.

The firm also has a dedicated mobile app, CoinLaw, with which users can use to access its blog and other legal resources. The blog provides legal insights on complex regulatory, enforcement, investment and consumer protection issues.

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