on the crypto
The Winklevoss twins' Gemini cryptocurrency exchange is donating $ 50.000 to the Human Rights Foundation to fund "open source software that improves the privacy, usability and resilience of the Bitcoin network."
The new funding comes the same day the Foundation announced the addition of a new beneficiary to its program, developer Gloria Zhao. Zhao, a university student at UC Berkeley and president of Blockchain at Berkley, is contributing to the development of the Bitcoin Core code and is working on a specific project that would improve the way in which "bundled" transactions are transmitted. If Zhao's study is successful it would be useful, among other things, to improve the opening and closing of payment channels on the Lightning network.
Zhao's grant comes from the Human Rights Foundation's third round of funding. His first "scholarship" this summer went to British Bitcoin developer Chris Belcher for work on the Coinswap protocol focused on improving privacy.
A second round was split between the three developers: Evan Kaloudis for work on Zeus, a Bitcoin wallet with a full-node interface; Fontaine, the pseudonymous developer of Fully Noded, another full-node software and Bitcoin wallet; and Openoms, a pseudonymous developer who is working on an easy-to-use interface for JoinMarket, a privacy tool that mixes Bitcoin transactions. quotation in real time) confusing the traceability of transactions.
Gemini's recent funding will go to a new group of sponsored developers in the first quarter of 2021. Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, said the foundation has already received many proposals and expects more to come.
In the last period, a clear trend is manifesting in which more and more crypto companies decide to donate money to finance the development of the Bitcoin protocol. Against this backdrop, Gemini joins a growing list of cryptocurrency exchanges making this choice, including Coinbase, Bitmex, OKCoin, Kraken, and Square Crypto, all of which have sponsored young Bitcoin developers.
Notably, Gemini's $ 50K grant is the second such donation made by the exchange this month, following the one to Brink, an open source Bitcoin development fund partly led by Bitcoin Core developer John Newberry.
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