BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics.
On its official website, Maelstrom said that it can support Bitcoin developers and is committed to an “open and transparent grant process.”
Bitcoin Grant Program to Foster Innovation
Grants will be awarded between $50,000 and $150,000 per applicant, distributed over 12 months in monthly payments in bitcoin (BTC) or stablecoins Circle’s USDC and Tether’s USDT.
Recipients should engage in Bitcoin’s technical advancement, possibly by contributing to Bitcoin Core through pull requests or code reviews, according to Maelstrom’s announcement, which reads,
“Maelstrom, like other companies in the space, indirectly relies on the work of open-source Bitcoin developers. We
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