{"id":191880,"date":"2021-06-01T17:00:47","date_gmt":"2021-06-01T16:00:47","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=191880"},"modified":"2021-06-01T10:40:21","modified_gmt":"2021-06-01T09:40:21","slug":"crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer\/","title":{"rendered":"Crypto exchange BitMEX grants $150,000 to Korean Bitcoin developer"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Crypto exchange <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/bitmex\/\"><span style=\"font-weight: 400;\">BitMEX<\/span><\/a><span style=\"font-weight: 400;\"> announced a one-year grant extension for Bitcoin developer Calvin Kim yesterday, it shared in a blog post.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBitMEX is delighted to announce a one-year grant extension for kcalvinalvinn. We are providing US$100,000 of funding, to work on open-source Bitcoin development on a no strings attached basis,\u201d the exchange\u2019s Research division said in a tweet.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">[1\/4] BitMEX is delighted to announce a one year grant extension for <a href=\"https:\/\/twitter.com\/kcalvinalvinn?ref_src=twsrc%5Etfw\">@kcalvinalvinn<\/a><\/p>\n<p>We are providing US$100,000 of funding, to work on open source Bitcoin development on a no strings attached basis<a href=\"https:\/\/t.co\/8We1EHfH7l\">https:\/\/t.co\/8We1EHfH7l<\/a> <a href=\"https:\/\/t.co\/NTCMl19Ml0\">pic.twitter.com\/NTCMl19Ml0<\/a><\/p>\n<p>&mdash; BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1399289273397006337?ref_src=twsrc%5Etfw\">May 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Developers of wholly decentralized platforms like <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> rely on public and company grants to continue with their work on the protocol, unlike more centralized cryptocurrencies which have a full-time team on payroll.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitMEX is one of the forerunners of such a program. It has granted over $1.3 million to developers working on open source solutions for Bitcoin. The 2021 program will open to new applicants in July.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">[3\/4] Calvin is working on a small team, focusing on the Utreexo Project. This should enable users to validate the blockchain in a non-sequential order, allowing for more parallelization<\/p>\n<p>You can read Calvin\u2019s blog posts here:<a href=\"https:\/\/t.co\/NDJV8diEht\">https:\/\/t.co\/NDJV8diEht<\/a><a href=\"https:\/\/t.co\/o6sxI5BC72\">https:\/\/t.co\/o6sxI5BC72<\/a> <a href=\"https:\/\/t.co\/drMruRQrlL\">pic.twitter.com\/drMruRQrlL<\/a><\/p>\n<p>&mdash; BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1399289531095003141?ref_src=twsrc%5Etfw\">May 31, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Bitcoin betterment via grants<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In the post, BitMEX said Kim\u2019s developer grant was renewed until June 2022. The exchange provided him with a $100,000 one-year grant, with the remaining $50,000 coming in a lump sum from the Human Rights Foundation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are delighted to extend our financial support for Calvin for another year. 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,\u201d said Alex H\u00f6ptner, CEO of BitMEX, in a comment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim, in a statement, said that being financially stable allowed him to focus on the research and development of the \u201cUtreexo\u201d project. \u201cLast year, I focused on prototyping a Utreexo bitcoin full node, moving the project closer to reality from just a research project. This year, with the financial support of bitmex and the human rights foundation, I intend to continue what I was doing last year and continue moving the utreexo project to something a user can download and use,\u201d he said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Calvin is working on a small team focusing on the Utreexo Project. The latter enables users to validate the blockchain in non-sequential order, allowing for more parallelization.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange BitMEX announced a one-year grant extension for Bitcoin developer Calvin Kim yesterday, it shared in a blog post. \u201cBitMEX is delighted to announce a one-year grant extension for kcalvinalvinn. We are providing US$100,000 of funding, to work on open-source Bitcoin development on a no strings attached basis,\u201d the exchange\u2019s Research division said in [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":191883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[60786],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto exchange BitMEX grants $150,000 to Korean Bitcoin developer<\/title>\n<meta name=\"description\" content=\"Crypto exchange BitMEX announced a one-year grant extension for Bitcoin developer Calvin Kim yesterday, as per a blog post.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto exchange BitMEX grants $150,000 to Korean Bitcoin developer\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange BitMEX announced a one-year grant extension for Bitcoin developer Calvin Kim yesterday, as per a blog post.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-01T16:00:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-01T09:40:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/bitmex-grant.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/crypto-exchange-bitmex-grants-150000-to-korean-bitcoin-developer\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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