Tech
Share this article

BitMEX, Human Rights Foundation Award Bitcoin Developer Grants Worth $150K

South Korea-based Calvin Kim works primarily on the bitcoin scaling project Utreexo.

By Daniel Palmer
Updated Sep 14, 2021, 1:04 p.m. Published May 31, 2021, 11:56 a.m. 1 min read
Dollars

Calvin Kim, a developer who works on improving Bitcoin's scalability, is to receive $150,000 in funding to support his work.

  • Announced in a blog post on Monday, cryptocurrency derivatives exchange BitMEX said it will extend Kim's funding until June 2022 with a grant for $100,000. He previously received $30,000 in August 2020, the exchange said.
  • BitMEX said it has also collaborated with the Human Rights Foundation, which is also now funding Kim to the tune of $50,000 in bitcoin.
  • South Korea-based Kim primarily works on the Utreexo project, which has developed a way to store all of Bitcoin's unspent transaction outputs (the record of who owns which bitcoin) in less than 1 kilobyte instead of in gigabytes.
  • "We are delighted to extend our financial support for Calvin for another year," said BitMEX CEO Alex Höptner. "In particular we are pleased to support a Korean developer such as Calvin, as ensuring the geographic diversity of Bitcoin development is an important factor to consider."
  • The exchange has provided grants to a number of other Bitcoin developers, including Michael Ford, Jeremy Rubin and Gleb Naumenko.

Read more: Kraken’s First Brink Grant Goes to Bitcoin Rust Developer

DevelopersBitMEXBitcoinGrantsBitcoin ScalingDeveloper Grants

Di più per voi

Bitcoin’s biggest quantum risk may not be wallet keys. An early investor fears something bigger

Di Shaurya Malwa|Editor Sam Reynolds
20 ore fa
Bitcoin quantum resistant. (Chris Ried/Unsplash)

Andrew Gault, the venture capitalist who funded the quantum hardware labs now threatening bitcoin, says the industry is looking in the wrong place. Google's own security team moved in the same direction in March.

Cosa sapere:

  • Security experts warn that the most urgent quantum threat to bitcoin and the broader financial system is not wallet keys but the encrypted authentication data already moving between institutions and being quietly harvested today.
  • Adversaries are pursuing a “harvest now, decrypt later” strategy, stockpiling encrypted interbank messages, payment records and...
Leggi tutta la storia