{"id":43537,"date":"2021-06-01T13:15:26","date_gmt":"2021-06-01T10:15:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43537"},"modified":"2025-08-31T12:53:03","modified_gmt":"2025-08-31T09:53:03","slug":"bitmex-and-human-rights-foundation-allocate-150000-to-bitcoin-developer","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitmex-and-human-rights-foundation-allocate-150000-to-bitcoin-developer\/","title":{"rendered":"BitMEX and Human Rights Foundation allocate $150,000 to Bitcoin developer"},"content":{"rendered":"<p>The crypto-derivatives exchange BitMEX has awarded another grant to Bitcoin developer Kelvin Kim, amounting to $100 000.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\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>\u2014 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>Kim contributed to the development of the alpha version of the Utreexo protocol, which would reduce the size of the <span data-descr=\"unspent transaction outputs\" class=\"old_tooltip\">UTXO<\/span> set without compromising network security. In August 2020,<a href=\"https:\/\/forklog.com\/en\/news\/bitmex-awards-a-40000-grant-to-bitcoin-network-scaling-solution-developer-calvin-kim\"> BitMEX supported the developer<\/a> with $40 000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00ab\u0424\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0430\u044f \u0441\u0442\u0430\u0431\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u044c \u043f\u043e\u0437\u0432\u043e\u043b\u0438\u043b\u0430 \u043c\u043d\u0435 \u0441\u043e\u0441\u0440\u0435\u0434\u043e\u0442\u043e\u0447\u0438\u0442\u044c\u0441\u044f \u043d\u0430 \u0434\u0430\u043b\u044c\u043d\u0435\u0439\u0448\u0438\u0445 \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u043d\u0438\u044f\u0445 \u0438 \u0440\u0430\u0437\u0440\u0430\u0431\u043e\u0442\u043a\u0430\u0445 \u043f\u0440\u043e\u0435\u043a\u0442\u0430 Utreexo\u00bb, \u2014 \u0437\u0430\u044f\u0432\u0438\u043b \u041a\u0438\u043c.<\/em><\/p>\n<\/blockquote>\n<p>A solution proposed in June 2019 by Tadge Dryja, one of the co-founders<a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\"> Lightning Network<\/a>. It is a hash-based dynamic UTXO accumulator designed to compress data. Its main goal is to simplify the management of full nodes in the Bitcoin network.<\/p>\n<p>BitMEX added that it is collaborating with the Human Rights Foundation (HRF), which awarded Kim a one-off grant of $50 000.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">[2\/4] This time we are especially pleased to be working closely with the <a href=\"https:\/\/twitter.com\/HRF?ref_src=twsrc%5Etfw\">@HRF<\/a> and <a href=\"https:\/\/twitter.com\/gladstein?ref_src=twsrc%5Etfw\">@gladstein<\/a>, who are also providing <a href=\"https:\/\/twitter.com\/kcalvinalvinn?ref_src=twsrc%5Etfw\">@kcalvinalvinn<\/a> a grant<\/p>\n<p>The diversity of funding is important, as it helps ensure greater developer independence<\/p>\n<p>\u2014 BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1399289435670392832?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>In March 2021,<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-developers-to-receive-70000-grants-from-the-human-rights-foundation\"> HRF announced the allocation of $70 000<\/a> from the fund to support developers working to enhance Bitcoin&#8217;s resilience, privacy, and decentralization features.<\/p>\n<p>Earlier, the Nasdaq-listed mining company Marathon Patent Group<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-core-developer-jonas-schnelli-to-receive-a-96000-grant-from-marathon\"> supported with $96 000<\/a> the Bitcoin Core client developer Jonas Schnelli.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-derivatives exchange BitMEX has awarded another grant to Bitcoin developer Kelvin Kim, amounting to $100 000.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1358,2072,1900],"class_list":["post-43537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-grants","tag-human-rights-foundation","tag-utreexo"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43537"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43537\/revisions"}],"predecessor-version":[{"id":43538,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43537\/revisions\/43538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}