BitMEX and Human Rights Foundation Grant $150,000 to Bitcoin Researcher Calvin Kim

BitMEX has partnered with the nonprofit Human Rights Foundation to provide a $150,000 grant to Calvin Kim, a Bitcoin scalability researcher in South Korea.

BitMEX and Human Rights Foundation Grant 0,000 to Bitcoin Researcher Calvin Kim

Crypto derivatives exchange BitMEX has announced a $150,000 grant to Calvin Kim, a Bitcoin scalability solutions researcher in South Korea.

The grant is the second time BitMEX has supported Kim’s research, with the exchange donating $30,000 to Kim in August 2020.

In his current research, Kim plans to deploy Utreexo to Bitcoin using the Go and Rust programming languages, respectively, while also working to “improve the initial block download time of Bitcoin.

Utreexo is a Bitcoin scaling solution and hash accumulator that Kim has been working on since mid-2019, and the protocol’s design was first proposed by MIT Digital Currency Initiative Fellow Thaddeus Dryja, who is also a co-author of the Lightning Network white paper.

The new grant was awarded by BitMEX in partnership with the nonprofit Human Rights Foundation (HRF), an organization that supports human rights activism worldwide, and comes on top of a $100,000 grant from BitMEX for Kim, with $50,000 from HRF. kim said.

“This year, with the financial support of BitMEX and HRF, I intend to continue the work I did last year and continue to make the Utrexo project something that users can download and use.”
In a May 31 announcement from BitMEX’s research department, HRF noted its long-standing “commitment to promoting human rights through technology on the Korean Peninsula” and its desire to inspire others in the region to participate in Bitcoin.

The opportunity to support Calvin’s work is exciting for HRF, and we hope his work will inspire others in the region to participate in Bitcoin and contribute to its mission of providing the world with an open source free currency,” HRF said.

According to the organization’s website, the HRF supports Bitcoin because it “can be a tool for human rights defenders to defend freedom in the face of hyperinflation or financial oversight.

The $50,000 grant HRF provided to Kim is part of the organization’s $210,000 Bitcoin Development Fund, which also includes partnerships with cryptocurrency exchanges Gemini and Square Crypto to support developer Dhruv Mehta.

Mehta received $50,000 to improve Bitcoin’s resistance to censorship through BIP324, a peer-to-peer messaging protocol designed to protect Bitcoin peers from MITM attacks (man-in-the-middle attacks) on seed nodes.

The fund also provided a $50,000 grant to Nigerian Bitcoin developer Nur Khalil, who develops Bitcoin wallet software suitable for the Nigerian environment.

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