BitMEX and Individual Rights Foundation provide $150K grant for Bitcoin Climbing researcher

BitMEX has collaborated with a non-profit Human Rights Foundation to offer a $150,000 grant for Korean-based Bitcoin scaling researcher, Calvin Kim.
Popular crypto derivatives exchange BitMEX has declared a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher.The grant comprises the second instance in which BitMEX has endorsed Kim’s study, together with the trade donating $30,000 to Kim in August 2020. For his existing study, Kim plans to apply Utreexo into Bitcoin deployments using the Go and Rust programming languages while also working on”improving the initial block download period from Bitcoin.” Utreexo is a Bitcoin scaling alternative and hash accumulator which Kim has been working on since mid-2019, together with the protocol’s layout having first been suggested by MIT Digital Currency Initiative researcher Thaddeus Dryja — that co-authored the Lightning Network whitepaper.The new grant has been issued by BitMEX in cooperation with all the non-profit Human Rights Foundation, or HRF — an organization which supports individual rights activism globally — with the HRF contributing $50,000 together with BitMEX’s $100,000 one-year grant for Kim. The researcher said:”This year, with all the financial support of BitMEX and the Human Rights Foundation, I intend to carry on what I was doing last year and keep moving the Utreexo job to something a user could download and use.” In a May 31 announcement published BitMEX’s research branch, the HRF noted it has long”worked to promote human rights on the Korean peninsula through technology,” and it hopes to inspire others in the area to become involved with Bitcoin. “It’s stimulating for HRF to have the chance to bolster Calvin’s efforts and we expect that his work can inspire others in the area to become involved in Bitcoin and bring about its mission to offer open-source freedom money on earth,” HRF said.According to the company’s site, the HRF support Bitcoin since it”could be an instrument of liberty for individual rights defenders facing hyperinflation or fiscal surveillance.” The HRF’s $50,000 grant to Kim is a portion of their company’s $210,000 Bitcoin Development Fund, which also contained collaborations with Gemini exchange and Square Crypto in support of developer, Dhruv Mehta. Mehta obtained $50,000 to work on raising Bitcoin’s censorship-resistance through BIP324 — a peer-to-peer message transport protocol which aims to protect Bitcoin peers against man-in-the-middle strikes on seed nodes. The fund also contained $50,000 of assistance for Nur Khalil, an Nigerian Bitcoin developer who develops Bitcoin wallet software for your Nigerian context.

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