BitMEX and the Human Rights Foundation awarded a grant of $ 150,000 to Bitcoin Scaling Researcher

The popular exchange of crypto derivatives BitMEX has announced a $ 150,000 grant for Calvin Kim, a Korea-based Bitcoin scaling researcher.

The grant provides a second support that BitMEX endorsed Kim’s investigation inwhen the exchange donated $ 30,000 to Kim in August 2020.

For his current research, Kim plans to implement Utreexo in Bitcoin deployments using the Go and Rust programming languages.while at the same time working to “improve the initial download time of blocks in Bitcoin”.

BitMEX and the Human Rights Foundation awarded a grant of $ 150,000 to Bitcoin Scaling Researcher
BitMEX and the Human Rights Foundation awarded a grant of $ 150,000 to Bitcoin Scaling Researcher

Utreexo is a bitcoin scaling solution and hash accumulator that Kim has been working on since mid-2019;; MIT Digital Currency Initiative researcher Thaddeus Dryja, who was also co-author of the Lightning Network white paper, first designed the protocol.

BitMEX has awarded the new grant in collaboration with the non-profit Human Rights Foundation (HRF), an organization that supports human rights activism worldwide HRF contributed $ 50,000 on top of BitMEX’s $ 100,000 one-year grant to Kim. The investigator stated:

“This year, with financial support from BitMEX and the Human Rights Foundation, I intend to continue what I did last year and continue to translate the Utreexo project into something a user can download and use.” ??

In an announcement posted on BitMEX’s research division on May 31, HRF noted that it has long “worked to advance human rights in the Korean Peninsula through technology” and hopes to inspire others in the region to get involved with Bitcoin..

“”It is exciting for HRF to have the opportunity to step up Calvin’s efforts and we hope that his work can inspire others in the area to look into Bitcoin. and contribute to its mission to bring free open source money to the world, “said HRF.

According to the organization’s website, HRF supports Bitcoin because “it can be an instrument of freedom for human rights defenders exposed to hyperinflation or financial surveillance”..

The $ 50,000 HRF grant to Kim is part of the organization’s $ 210,000 Bitcoin Development FundThis also included collaborations with the Gemini exchange and Square Crypto to support the developer Dhruv Mehta.

Mehta received $ 50,000 to increase resistance to bitcoin censorship through BIP-324, a peer-to-peer message transport protocol designed to protect Bitcoin peers from man-in-the-middle attacks on seed nodes.

The fund also included a $ 50,000 grant to Kahlil Nur Khalil, a Nigerian bitcoin developer. Developing a Bitcoin wallet software for the Nigerian landscape.

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