Ben Allen was named as the third winner of the Maelstrom Bitcoin Developer Grant is the family office for Arthur Hayes In a press release, sent to Bitcoin Magazine. Allen’s focus will be on improving the Payjoin Dev Kit, an privacy-focused project. Bitcoin transaction Tool designed to increase user anonymity.
The Payjoin system, introduced by Nicolas Dorier as BIP 78 in 2019, allows the receiver and sender to both contribute to a single input. Bitcoin transaction. The assumption that multiple transactions inputs have to come from the same entity is disrupted. Payjoin’s adoption can boost privacy on the Bitcoin network by breaking this assumption.
“Maelstrom would like to congratulate Ben Allen on this grant,” Arthur Hayes said, Maelstrom’s Chief Investment Office. “The great thing about Payjoin, is that if only a small amount of adoption is achieved, it breaks a key assumption used by financial surveillance companies. The assumption they have is that if a Bitcoin transaction has multiple inputs, all the inputs must all belong to the same entity. Therefore, Payjoin adoption improves the privacy of even the people who don’t use it. We are excited to support Ben Allen’s work on open-source tools and software to increase Payjoin adoption.”
Allen, along with Dan Gould will expand Payjoin’s implementation to allow it to be included in more Bitcoin wallets. He acknowledged the technical complexities of the project—including the requirement for receivers to be online—but expressed optimism about overcoming these challenges.
“I’m deeply grateful to Arthur Hayes and Maelstrom for generously providing me with this grant to support my work on the Payjoin Dev Kit project,” Allen, Mr. “With this funding, I can dedicate myself full-time to enhancing the Payjoin implementation, improving testing, and ensuring that the dev kit remains robust, well-documented, and maintainable for the future.”
Allen emphasized his work’s broader purpose: “Improving privacy for bitcoin is an area where continued improvement allows for a better experience by empowering users to control their financial data and foster greater peace of mind when using bitcoin day to day. This is an exciting opportunity to contribute to Bitcoin’s privacy and scalability, and I’m looking forward to continuing to collaborate with the community to make Payjoin more widely adopted.”
Arthur Hayes is the co-founder and CEO of BitMEX, who is also in charge of Maelstrom. Maelstrom is a company that supports digital asset infrastructure. This grant is part of a firm’s investment in tools and infrastructure that will promote a decentralized Bitcoin eco-system.
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Source: bitcoinmagazine.com
