Cryptocurrency News

Bitmex and the Human Rights Foundation provide a $ 150K grant to a bitcoin scaling researcher



Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Kelvin Kim – a Korean-based bitcoin scalping researcher.

The grant includes a second example in which Bitmax has supported Kim’s research Exchange donating $30,000 to Kim in August 2020.

For his current research, Kim plans to implement UtriXo into a bitcoin deployment using the Go and Rust programming languages, respectively, while also working on “improving the initial block download time in bitcoin”.

Utrixo is a bitcoin scaling solution and hash accumulator that Kim has been working on since mid-2019, with the design of the protocol first proposed by MIT Digital Currency Initiative researcher Thaddeus Dryja – who also co-authored power network White paper.

new Grant Was released by Bitmax in collaboration with the nonprofit Human Rights Foundation, or HRF – an organization that supports human rights activism globally – on top of a $ 100,000 one-year grant for Kim of Bitmax with HRF, $ 50,000 Contributes to. researcher Having said:

“This year, with the financial backing of BitMEX and the Human Rights Foundation, I intend to continue what I was doing last year and continue to take the Utrixo project into something that users can download and use. “

In a May 31 announcement published by the research arm of BitMEX, HRF noted that it has long “worked to promote human rights on the Korean peninsula through technology,” and that it hopes to help others in the region. People should be motivated to join bitcoin.

HRF said, “It is exciting for HRF to have the opportunity to promote Calvin’s efforts and we look forward to his work connecting with bitcoin and contributing to its mission of providing open-source freedom money to the world.” Let’s inspire other people.” .

According to the organization’s website, HRF supports bitcoin because it “can be a tool of freedom for human rights defenders facing hyperinflation or financial surveillance.”

HRF’s $50,000 grant to Kim is part of the organization’s $210,000 Bitcoin Development Fund, which includes collaborations Gemini Exchange And Square Crypto In support of developer Dhruv Mehta.

Mehta received $ 50,000 to work to increase bitcoin’s censorship-resistance through BIP324 – a peer-to-peer message transport protocol aimed at protecting Bitcoin peers from man-in-the-middle attacks on seed nodes .

The fund also includes a $ 50,000 endorsement to Nigerian bitcoin developer Noor Khalil, who develops bitcoin wallet software for the Nigerian context.