Bitcoin developer Ben Allen has secured a $100,000 grant from investment firm Maelstrom to advance the development of Payjoin, a tool focused on enhancing Bitcoin's scalability and privacy. Maelstrom will fund Allen's work on the Payjoin devkit, allowing Bitcoin senders and receivers to utilize batched transactions for improved scalability and privacy. Payjoin, initially proposed by Nicolas Dorier in 2019, aims to enhance privacy and transaction output consolidation. The grant, lasting a year, supports Allen in enhancing Payjoin implementations to enable its integration into more wallets. Despite challenges like the need for online receivers and complex payment communication flows, Maelstrom's investment officer emphasizes the importance of enhancing financial privacy in Bitcoin. Allen is dedicated to simplifying the user experience and promoting Payjoin adoption through benchmarks and expanded test coverage. Maelstrom aims for Payjoin success through adoption by popular open-source Bitcoin wallets like BitcoinCore. Read more AI-generated news on: https://app.chaingpt.org/news

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