Offchain Labs Introduces “Fast Withdrawals” Feature on Arbitrum, Cutting Withdrawal Times by 90%

Lisa Neigut’s Base58 Gets First-Ever Bitcoin Grant From Donor-Advised Fund
Offchain Labs, developer of Arbitrum, announced “Fast Withdrawals,” allowing select Orbit chains and RaaS providers to achieve withdrawal finality in under 15 minutes, a significant improvement from the usual wait time of up to seven days. This feature reduces withdrawal times by over 90%, making it comparable to withdrawing funds from a bank account. Orbit chains planning to support Fast Withdrawals include Apechain, Cheese, Nova, Sanko, and Xai. RaaS providers offering this feature include Offchain Labs, Alchemy, Altlayer, Ankr, Caldera, Conduit, and Gelato. This development brings traditional blockchain transactions closer to the experience of conventional financial transfers, enhancing user experience.

Lisa Neigut, a software engineer and founder of Base58, a Bitcoin education platform, has recently received a generous grant from a donor-advised fund, marking the first-ever Bitcoin grant of its kind. The grant, which will be used to further develop Base58’s educational programming, is a significant milestone in the world of cryptocurrency philanthropy.

The donor-advised fund, which wishes to remain anonymous, has expressed its support for Neigut’s mission to make Bitcoin more accessible and understandable to the general public. Neigut’s work with Base58 has already garnered praise for its innovative approach to teaching about Bitcoin and blockchain technology, and this grant will undoubtedly help the platform reach even more people.

Neigut, who has been a vocal advocate for Bitcoin education for several years, was thrilled to receive the grant. In a statement, she said, “I am incredibly grateful for this support, and I am excited to use it to continue spreading the knowledge and understanding of Bitcoin. This grant will allow us to expand our programs and reach new audiences, ultimately helping more people benefit from the power of cryptocurrency.”

Base58 offers a range of educational resources, including online courses, workshops, and webinars, all aimed at demystifying Bitcoin and blockchain technology. The platform has already attracted a diverse audience, from beginners looking to learn the basics of Bitcoin to experienced traders and investors seeking more advanced knowledge.

The grant from the donor-advised fund will enable Base58 to enhance its existing programs and develop new initiatives to reach even more people. Neigut plans to use the funding to create more interactive online courses, host in-person workshops in underserved communities, and collaborate with other organizations to promote Bitcoin education.

The donor-advised fund, which is managed by a team of experts in cryptocurrency and philanthropy, selected Base58 for its innovative approach and proven track record of success. The fund’s spokesperson stated, “We believe that Bitcoin has the potential to revolutionize the way we think about money and finance, and we are proud to support Lisa Neigut and Base58 in their mission to educate the public about this transformative technology.”

Bitcoin and other cryptocurrencies have gained significant attention in recent years, with more people turning to digital assets as a store of value or investment. However, there is still a lack of understanding about how these technologies work and how they can be used in everyday life. Neigut and Base58 are working to bridge this gap by providing accessible, engaging education on Bitcoin and blockchain technology.

In addition to its educational programming, Base58 also offers consulting services for businesses looking to incorporate Bitcoin into their operations. Neigut’s expertise in software development and cryptocurrency makes her a valuable resource for organizations seeking to navigate the complex world of digital currencies.

The grant from the donor-advised fund will allow Neigut to expand Base58’s consulting services and offer more tailored solutions for businesses looking to integrate Bitcoin into their strategies. With the support of the fund, Neigut hopes to help more companies embrace the potential of cryptocurrency and unlock new opportunities for growth and innovation.

The news of the first-ever Bitcoin grant for Base58 has generated excitement among the cryptocurrency community, with many applauding Neigut’s dedication to spreading awareness and understanding of Bitcoin. The grant serves as a testament to the growing recognition of Bitcoin as a legitimate and valuable asset, and Neigut’s work with Base58 is at the forefront of this movement.

As Neigut and Base58 continue to expand their reach and impact, it is likely that more grants and funding opportunities will become available to support their mission. With the backing of the donor-advised fund and the continued support of the cryptocurrency community, Base58 is well-positioned to become a leading authority on Bitcoin education and advocacy.

In conclusion, Lisa Neigut’s receipt of the first-ever Bitcoin grant from a donor-advised fund is a significant milestone for both Base58 and the cryptocurrency education sector. The grant will enable Neigut to further develop her educational programming, reach more people, and continue to promote understanding and adoption of Bitcoin and blockchain technology. As cryptocurrency continues to gain mainstream acceptance, initiatives like Base58 are crucial in helping the public navigate this complex and rapidly evolving landscape.

I don’t own the rights to this content & no infringement intended, CREDIT: The Original Source: www.coindesk.com

Please follow and like us:
Pin Share