Bitcoin development funding is led by Blockstream and Lightning Labs, says BitMEX

Blockstream and Lightning Labs are the two firms currently leading the funding for open-source bitcoin and lightning development, according to data compiled by BitMEX.

Announcing the news on Saturday, BitMEX said the two firms employ the largest number of bitcoin developers. Pieter Wuille, Andrew Chow and Gregory Sanders are some of the bitcoin developers, which are currently being funded by Blockstream.

Lightning Labs, on the other hand, employs at least 8 developers working on the open-source Lightning software, including Alex Bosworth, Johan Halseth, and Oliver Gugger, among others.

Source: BitMEX

Square Crypto is ranked third, per BitMEX, which currently employs notable bitcoin developer Matt Corallo, as well as provides grants to other bitcoin and lightning developers.

Square Crypto is followed by the Massachusetts Institute of Technology (MIT) Media Lab’s Digital Currency Initiative (DCI) and Chaincode Labs. The latter, in fact, is the largest contributor to bitcoin core development, per the data.

BitMEX said the current situation of bitcoin development is “more healthy” than it has been in the past, because of the availability of finance, transparency, and the degree of distribution among financial backers.