Bitcoin [BTC] Smart Contract Developer Receives $50,000 Grant from BitMEX

By Nivesh Rustgi
Published July 22, 2020 Updated July 22, 2020
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Bitcoin [BTC] Smart Contract Developer Receives $50,000 Grant from BitMEX

By Nivesh Rustgi
Published July 22, 2020 Updated July 22, 2020

Leading Bitcoin [BTC] derivative’s, BitMEX, the holding company, 100x announces a $50,000 bounty to a core Bitcoin [BTC] developer. Jeremy Rubin, the founder of Judica Inc. is the latest recipient of the 100x Open Source Developer Grant programme. 

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Judica Inc. has been working on the implementation of smart contracts on Bitcoin. For this, he maintains the CVT proposal and is developing the Sapio programming language. The blog post from BitMEX lists the goals below,

The lab’s goals are to conduct critical infrastructure on Bitcoin’s mempool, maintain the CheckTemplateVerify (BIP-119) proposal and to develop the Sapio programming language among other things.

The plans of the R&D lab could enhance the usage of Bitcoin and also allow the addition of more applications by regulating Bitcoin on-chain spending and security.

Core Developers

Currently, there are 31 grants so far from institutions like Square Crypto Inc., BitMEX, Okcoin, MIT Digital Currency Initiative and so on. The new holding company structure of BitMEX, branded 100x, was announced on 15th July which took over HDR Global Trading. The management, nonetheless, is still the same. Square Crypto Inc. is the firm founded by Jack Dorsey, Twitter founder to develop and provide en masse crypto services primarily focusing on Bitcoin.

One of the leading recipients of these grants is BTC Pay Server which is an open-source payment processor. Apart from this, Blockstream led by Adam Back is another leading firm which works on Bitcoin core development.

Do you think smart contracts on Bitcoin [BTC] could be a reality and how will it affect the crypto market? Please share your views with us. 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

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