Coindesk Logo

OpenSSL Software Foundation Now Accepts Bitcoin Donations

OpenSSL Software Foundation Now Accepts Bitcoin Donations

OpenSSL Software Foundation Now Accepts Bitcoin Donations

People wanting to support the OpenSSL project can now make donations in cryptocurrency.

People wanting to support the OpenSSL project can now make donations in cryptocurrency.

People wanting to support the OpenSSL project can now make donations in cryptocurrency.

AccessTimeIconApr 21, 2014, 10:40 AM
Updated Sep 3, 2021, 11:52 AM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Those wanting to support the OpenSSL project can now make donations in bitcoin, as well as via more traditional means of payment.

First released in 1998, OpenSSL is a commercial-grade, open-source toolkit implementing the Secure Sockets Layer (SSL) and Transport Layer Security (TLS) protocols, as well as a full-strength general purpose cryptography library.

Currently at version 1.0.1g, and with 1.0.2 currently in beta, it is estimated that OpenSSL is now used on two-thirds of all web servers.

However, the OpenSSL project is headed by a relatively small team with just one full-time employee. The annual budget for the whole project is under $1m and much of the money comes in the form of donations through the OpenSSL Software Foundation.

The OSF, which was set up to support the project, is incorporated as a regular for-profit organisation, so the donations are not tax-deductible, but corporate donations are considered business expenses.

Four levels of sponsorship acknowledgement are on offer, starting at $5,000 a year, and ad hoc donations of any amount are also welcome. The foundation accepts several major credit cards and PayPal, as well as – as of a few days ago – bitcoin.

Bug oversight

OpenSSL does not get a lot of media coverage except in professional, niche publications.

However, a few weeks ago the foundation got its 15 minutes of fame for all the wrong reasons, when the notorious Heartbleed bug – which was caused by an oversight in OpenSSL versions 1.0.1 through 1.0.1f – came to light.

The flaw was identified two weeks ago and was quickly patched up by the vast majority of companies, including bitcoin operators and Bitcoin Core developers.

Caution is still advised, however, and many sites and services are advising users to change their passwords for additional security and peace of mind.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.