How to Support Bitcoin (BTC) Development

Bitcoin development is a constant ongoing process. Bitcoin’s use cases continually evolve to meet the market’s needs and technological advancements. Most people are surprised to learn that Bitcoin consistently receives technical upgrades. Yes, today’s Bitcoin is far more advanced than its first rendition. 

Learning how to support Bitcoin’s development is a great way to do your part and help bring this game-changing tech to the mainstream. Luckily, there are many ways to support Bitcoin’s development, regardless of your technical prowess. Every person in the Bitcoin network plays a crucial role in accelerating large-scale adoption. Here are some of the best ways to support Bitcoin development today. 

Invest

The absolute best way to participate in Bitcoin is to invest. Investing in Bitcoin places you on the front line of this financial revolution. Also, people will respect that you put your money where your mouth is. Investing in Bitcoin is easy nowadays. Hundreds of exchanges and fiat onramps make converting funds into crypto a breeze.

Crucially, investing in Bitcoin gives you firsthand knowledge of the network and its functionality. You get familiar with blockchain and how to store digital assets. You will also learn how to send and receive Bitcoin in seconds. These features will help you better explain Bitcoin’s advantages to friends and family.

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Spread the Word

Your friends and family will instantly notice your new interest and begin to ask you questions regarding the technology and its fundamentals. As your profits grow, so will their interests. Sometimes, earning profits is enough to get your closest friends involved. Best of all, there is no minimum investment with Bitcoin. Tell your friends that $10 is an excellent start to your crypto adventure.

As a Bitcoin investor, you will run into some common questions. When people ask you, “What is Bitcoin backed by?” you can reply, “by math.” Another common question is, “Why do we need Bitcoin?” A smart response is, “Bitcoin is money without government. The people run it in a decentralized manner.” The main thing to remember is that you can’t convince everyone of Bitcoin’s merits in a single conversation. 

Host a Meet-Up

You can host a local Bitcoin meet-up to further your social contributions to the network. Meet-ups allow like-minded individuals to come together and discuss ideas, concepts, and other crypto-related topics. Meet-ups are a great way to get to know your local crypto community. They also provide an excellent way to educate new users. 

Social Media

Social media is one of the best ways to spread the good word about Bitcoin. There are endless groups, chats, and forums to share ideas in. Notably, Twitter has a strong crypto presence. 

Using social media to promote Bitcoin brings some advantages. First, you can directly communicate with project developers. Often, the CEOs and developers of popular platforms are on social media and answering questions. You can start or join Bitcoin discussions and groups to further your understanding. The more you interact with the community, the more you learn about Bitcoin. In the end, you will understand the technology and the community. 

Accept Bitcoin Payments

Another significant way to support Bitcoin development is to accept Bitcoin payments and encourage others to do so. When you accept Bitcoin payments, you show others your faith in the network. In addition, new users will be forced to learn more about blockchain payments to work with you.

The same goes for businesses. Today, there are multiple Bitcoin PoS networks available. Many of these networks allow vendors to convert their Bitcoin payments into fiat currency to avoid volatility. Additionally, the introduction of off-chain protocols, such as the Lightning Network, makes it far faster and cheaper to receive Bitcoin payments.

Become a Bitcoin Gamer

If you are looking for a fun way to participate in the Bitcoin community, you should explore the gaming sector. The Bitcoin gaming sector is seeing rapid expansion. Notably, the Lightning Network has aided this expansion. This off-chain scalability solution introduces micro-payment capabilities to the network. 

Become a Miner

If you have a little more technical capabilities, becoming a miner is one of the best ways to support Bitcoin development. Miners are the network nodes that validate transactions on the blockchain. You will gain valuable experience working on the blockchain as a Bitcoin miner. Additionally, you also get a say in new upgrades and changes.

Miners receive rewards for their efforts in the form of Bitcoin. Join a mining pool, and you will consistently receive these rewards. Mining pools combine the computational power of the entire network and split the rewards between all users. The more hash power you contribute to the pool, the higher your rewards.

Join Bitcoins Development Team – Bitcoin Core

Bitcoin is free software, and any developer can contribute to the project. The more developers work on keeping Bitcoin clean and efficient, the more resilient the protocol. You can join the Bitcoin core development team if you are technically savvy and want a more hands-on approach to the network.

There are multiple guides on how to get in on the excitement. Notably, everything you need can be found in the GitHub repository. In addition, Bitcoin developers frequently hold discussions on GitHub and the bitcoin-dev mailing list. Both groups are free to join, and anyone can propose changes to Bitcoin’s core coding.

While anyone can propose changes to Bitcoin’s core coding, it’s important to mention that getting changes approved has been notoriously difficult. One of the main aspects of Bitcoin is its ability to function on any computer. This requirement has led to debates regarding what technological upgrades should be implemented. A perfect example of this situation is when Bitcoin Cash is hard forked from the network due to a disagreement over increasing the block size from 1MB.

Develop a Dapp

If you aren’t into crypto politics, you can still put your developing skills to work by creating a Dapp (decentralized application). It’s often said that developers determine the value of a cryptocurrency, not the users. This statement rings true because Dapps are the gateway to the market. Regular users interact with the blockchain via these mobile applications. As such, Dapps are the primary way to onboard new users into the Bitcoin ecosystem.

Bitcoin’s open-source and inclusive nature makes it simple for Dapp developers to participate. Furthermore, all of the necessary information regarding standards and compatibility is available on GitHub. As a result, you can brainstorm, develop, and launch your Dapp with the support of the entire Bitcoin community. 

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Supporting Bitcoin development in 2021 is easy. Everyone from high-level cryptographers to online gamers can do their part to expand this community. The main goal is to demonstrate why and how Bitcoin makes life better for everyone. If you succeed, you’re already doing your part to bring Bitcoin to the masses.