Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom
Summary
Ben Allen received a $100,000 grant from Maelstrom to develop Payjoin, a privacy tool for Bitcoin aimed at enhancing scalability and privacy. Payjoin allows both senders and receivers to contribute inputs to transactions, improving privacy and consolidating outputs. The grant will support Allen's full-time work on the project for one year, with payments made monthly in Bitcoin. Challenges include the need for the receiver to be online and a more complex payment communication flow. Maelstrom emphasizes the importance of financial privacy in Bitcoin and seeks to support more privacy-focused projects. Successful adoption of Payjoin, particularly by popular wallets like BitcoinCore, is seen as a key metric for its success.
