ELI5 : What is Gitcoin?

Gitcoin is a bounty market for open source (OSS) projects. It was launched in September 2017 as a tool to promote OSS using cryptocurrencies.

The name is a portmanteau of Git and Bitcoin - a combination of the most popular open source version control system and #1 cryptocurrency respectively.

P2P Remote Work

Cryptocurrencies, open source software and P2P decentralized work match perfectly.

Gitcoin was founded based on the fact that decentralized projects should be able to hire quality work force in a P2P fashion, not requiring a central office.

On Gitcoin, you can fund issues to increase their bounty, reward developers you believe added value to the network and, of course, developers can find work where they can earn some Bitcoin.


Coders can browse bounties and apply. Then they attempt to complete the challenge. If the coder is able to solve what's requested, they will get paid the specified bounty amount.

Bounties are, of course, posted in cryptocurrency. Project managers must fund the bounty offer before it goes live. takes a small comission on successful submissions.

Developers on Gitcoin can work on Ruby, Rust, Javascript, Python, Solidity, HTML, CSS among others.

Video Introduction

Here's a short introduction to the Gitcoin iOS app. You can find lots of additional instructional videos on Gitcoin's official Youtube channel.

About Gitcoin

Gitcoin was announced in September of 2017.

The company website and several software projects are open source and hosted at Github.

The company behind Gitcoin is based in Boulder, Colorado - USA.



Medium - Github - Facebook - Twitter - Reddit

Gitcoin Launches Today, Pushing Open-Source Forward With Cryptocurrency Bounties

Gitcoin Core at Github

Gitcoin Founder Kevin Owocki Explains the Strategy as Platform Passes $1 Million

Gitcoin at Crunchbase

Everything You Need to Know About Gitcoin

About the Author
Published by Crypto Bill - Bill is a writer, geek, crypto-curious polyheurist, a dog's best friend and coffee addict. Information security expert, encryption software with interests in P2P networking, decentralized applications (dApps), smart contracts and crypto based payment solutions. Learn More About Us