Bitcoin's Payjoin Wins Maelstrom Grant, Boosting Privacy and Scalability
Bitcoin developer Dan Gould and his colleague Ben Allen have been making waves in the cryptocurrency world with their work on Payjoin, a privacy-focused transaction tool. Recently, Ben Allen was awarded the Maelstrom Bitcoin Developer Grant for his contributions to the project.
Payjoin disrupts common assumptions used by financial surveillance firms by allowing both the sender and receiver to contribute inputs to a single Bitcoin transaction. This innovative approach improves user anonymity and network scalability. Gould, a renowned Bitcoin developer and expert in blockchain and cryptocurrency protocols, has been instrumental in the development and promotion of Payjoin, also known as BTC price P2EP.
Gould, hailing from California, has a strong background in software development and IT security. His focus lies in data privacy, Bitcoin price usd scalability, and open-source software. Alongside Allen and other developers, Gould has been actively working on the implementation and standardization of Payjoin for several years. Payjoin combines the benefits of CoinJoin with classical payment processes, enabling senders and receivers to create transactions together, significantly enhancing privacy compared to traditional Bitcoin price today transactions.
Allen, the recipient of the Maelstrom grant, plans to dedicate the next year to enhancing the Payjoin Dev Kit project. He acknowledges the technical complexities involved but remains optimistic about overcoming these challenges. Allen will work alongside Gould to expand Payjoin's implementation and integrate it into more Bitcoin wallets. Arthur Hayes, Chief Investment Officer of Maelstrom, congratulated Allen on the grant and expressed excitement about supporting his work on Payjoin. Maelstrom, led by Hayes, co-founder of BitMEX, is committed to supporting digital asset infrastructure and promoting a more private, scalable, and decentralized Bitcoin price ecosystem.
The Maelstrom Bitcoin Developer Grant, awarded to Ben Allen, recognizes the significant contributions he and his colleague Dan Gould have made to the development of Payjoin. As they continue to work on enhancing and integrating this privacy-focused transaction tool, the Bitcoin ecosystem stands to benefit from increased user anonymity and network scalability.
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