Ben Allen has been named the third recipient of the Maelstrom Bitcoin Developer Grant, the household workplace of Arthur Hayes introduced in a current press launch despatched to Bitcoin Journal. Over the following 12 months, Allen will deal with enhancing the Payjoin Dev Equipment undertaking, a privacy-focused Bitcoin transaction software designed to enhance person anonymity and community scalability.
Payjoin, first launched in 2019 by Nicolas Dorier in BIP 78, permits each the sender and receiver to contribute inputs to a single Bitcoin transaction. This disrupts widespread assumptions utilized by monetary surveillance corporations, specifically the concept a number of transaction inputs should come from a single entity. By breaking this assumption, even restricted adoption of Payjoin can bolster privateness throughout the Bitcoin community.
“Maelstrom wish to congratulate Ben Allen on this grant,” stated Arthur Hayes, Chief Funding Officer of Maelstrom. “The wonderful thing about Payjoin, is that if solely a small quantity of adoption is achieved, it breaks a key assumption utilized by monetary surveillance corporations. The idea they’ve is that if a Bitcoin transaction has a number of inputs, all of the inputs should all belong to the identical entity. Subsequently, Payjoin adoption improves the privateness of even the individuals who don’t use it. We’re excited to help Ben Allen’s work on open-source instruments and software program to extend Payjoin adoption.”
Allen, who will probably be working alongside Dan Gould, goals to increase the implementation of Payjoin so it may be built-in into extra Bitcoin wallets. He acknowledged the technical complexities of the undertaking—together with the requirement for receivers to be on-line—however expressed optimism about overcoming these challenges.
“I’m deeply grateful to Arthur Hayes and Maelstrom for generously offering me with this grant to help my work on the Payjoin Dev Equipment undertaking,” stated Allen. “With this funding, I can dedicate myself full-time to enhancing the Payjoin implementation, bettering testing, and guaranteeing that the dev equipment stays sturdy, well-documented, and maintainable for the longer term.”
Allen additionally emphasised the broader mission of his work: “Enhancing privateness for bitcoin is an space the place continued enchancment permits for a greater expertise by empowering customers to manage their monetary information and foster better peace of thoughts when utilizing bitcoin day after day. That is an thrilling alternative to contribute to Bitcoin’s privateness and scalability, and I’m wanting ahead to persevering with to collaborate with the neighborhood to make Payjoin extra extensively adopted.”
Maelstrom, which is concentrated on supporting digital asset infrastructure, is led by Arthur Hayes, co-founder of BitMEX. Via grants like this one, the agency is investing within the foundational instruments that promote a extra personal, scalable, and decentralized Bitcoin ecosystem.