Categories: Bitcoin News

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

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…

advertisement

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.

Advertisement

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.

Advertisement

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.

To get the daily price analysis, Follow us on TradingView

Nivesh Rustgi

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

Recent Posts

ETH Supply in Smart Contracts Leads That on Exchanges With Huge Margin, Thanks to DeFi

On-chain data analytics provider Galssnode has come up with an interesting observation for ETH supply!…

1 day ago

DeFi Mania Continues to Catalyze DEX’s Volume

Decentralized exchanges [DEXs] has recorded phenomenal growth in 2020. And it is not the user…

2 days ago

CrossFi Solutions Can Overcome the DeFi Hype in Building a Sustainable Future for Decentralized Finance

Decentralized Finance (DeFi) is no-brainer the crypto ‘buzzword’ of 2020, this space has experienced tremendous…

2 days ago

Security Risks in DeFi (Decentralized Finance)

Decentralized finance has been the talk of the town for the last few months, seeing…

2 days ago

Bitcoin Trading Volume on Bakkt Peaks Again as September Expiration Approaches

Bakkt recently had witnessed a peak in the trading volume of physically-settled bitcoin futures on…

2 days ago

Bitcoin To 10x From These Levels Says Analyst, Predicts Other Giants to Follow MicroStrategy

Business Intelligence Firm MicroStrategy created a massive buzz by announcing BTC purchase worth $425 million.…

2 days ago