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Bitcoin Developer Ben Allen Secures $100K Grant to Boost Payjoin Privacy Tool
Bitcoin developer Ben Allen received a $100K grant from Maelstrom to advance Payjoin. Payjoin improves Bitcoin privacy using collaborative transactions. Widespread wallet adoption will determine the tool’s success. Bitcoin developer Ben Allen has been awarded a $100,000 grant by investment firm Maelstrom to support the continued development of Payjoin, a privacy-enhancing transaction tool designed to make Bitcoin (BTC) usage more secure and efficient. Announced on May 20, the grant will allow Allen and developer Dan Gould to accelerate their work on the Payjoin development kit (devkit). The funding aims to make Bitcoin more private and scalable by encouraging wallet providers and users to implement this advanced transaction method. How Payjoin Improves Bitcoin Privacy and Efficiency Payjoin, also known as P2EP (Pay-to-EndPoint), is a Bitcoin transaction type that involves both the sender and receiver participating in the construction of the transaction. Unlike regular transactions, where inputs only come from the sender, Payjoin mixes in inputs from the receiver as well, making it significantly harder for blockchain analysts to trace funds. This batched structure adds a level of obfuscation that helps preserve user privacy without requiring major changes to Bitcoin’s protocol. Additionally, by using more efficient transaction packing, it can also reduce blockchain bloat, enhancing scalability. Interestingly, former BitMEX CEO Arthur Hayes has noted that “Payjoin adoption improves the privacy of even the people who don’t use it.” That is, widespread adoption creates network-level benefits, as it complicates chain analysis for everyone involved. Developer Efforts and Wallet Integration Goals In comments shared with Cointelegraph, Allen said he is building out performance benchmarks to make it easier for wallet developers to adopt the tool. He is also working on expanding test coverage, ensuring code consistency and reproducibility key for building trust among Bitcoin developers and users alike. “The biggest step we can take,” Allen emphasized, “is simplifying the experience and moving complexities away from the user.” The Maelstrom team echoed that sentiment. A representative noted that one of the most critical success metrics will be integration into popular open-source Bitcoin wallets. They went as far as to say that if Bitcoin Core, the reference implementation for Bitcoin, adopts Payjoin, it would mark a major milestone for the tool’s credibility and adoption. Broader Implications for Bitcoin’s Future As regulatory scrutiny around crypto grows and blockchain analytics become more sophisticated, tools like Payjoin are expected to play a larger role in preserving user privacy and autonomy. The grant from Maelstrom demonstrates increasing investor interest in privacy infrastructure, a space traditionally underfunded compared to other crypto innovations. The move also aligns with a broader industry trend toward enhancing the usability of Bitcoin privacy tools to ensure they are accessible, intuitive, and robust.
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3️⃣ You will see the Alpha Events and Alpha options. 4️⃣ Select Alpha Events. 5️⃣ You will now be able to see your points.
🔎 What are Alpha points? 🔸 The Alpha points on Binance are a scoring system that measures your activity within the Binance Alpha ecosystem and Binance Wallet. These points determine your eligibility for campaigns such as: • Token Generation Event (TGE) • Alpha token airdrops
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History of Currency. How was gold and silver used in ancient times? Silver was measured by weight. Gold was made into thin sheets the size of chewing gum, rolled or folded, and cut with scissors for weighing and use. The more troublesome aspect was distinguishing between genuine and counterfeit. Ordinary people couldn't tell, and generally took it to a money exchange to convert it into local common copper coins. Therefore, ancient money exchanges were particularly numerous. If you couldn't carry a thousand taels of silver, you would be given a deposit book (silver note). Payment upon presentation of the note. Direct use of gold and silver was rare, usually only in special circumstances, such as maritime trade, purchasing land, or large gifts. However, using gold and silver was very cumbersome. Later, Europe invented the silver dollar, mainly by Britain, Spain, and Mexico. The significance of the silver dollar is to establish a standardized measurement unit, as silver dollars cannot be counterfeited. Because, to create the same shape and weight, it is nearly impossible to use fake metals. This thoroughly resolved the standard for trade payments. Later, someone started scraping some silver filings from the edges of silver dollars. Thus, Newton invented the serrated edge for the silver dollar. In fact, most people will go through many experiences in stock trading; it mainly needs to be combined with one's own experiences. Before doing subtraction, one must first complete the addition. The commonly seen theories in the market should at least be learned a few times in a rough manner. Only by grasping a complete picture of the elephant can one have the ability to do subtraction! Just like many people say, 'If you don't date a dozen girlfriends, how do you know that the one you want to accompany for life is actually Cuihua?' $BTC
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The cryptocurrency market is experiencing a mixed day:
Bitcoin is trading at $106,869, maintaining its position above $100,000. Ethereum is holding steady around $2,539. XRP has dipped slightly to $2.35 amid ongoing legal uncertainties. Other major altcoins like BNB, ADA, and SOL are also showing modest declines. $BTC
I have always said that everyone likes money💰 But I really don’t earn just any money A gentleman loves wealth but acquires it through the right means. First, one must ensure that their trading ability reaches the top level. Only by helping others to profit can one truly make money themselves. It’s not about having insufficient trading ability and then coming out to use some superficial trading knowledge to deceive novices while pretending to be impressive. In reality, their practical trading results are all losses. This is not called a big influencer, it’s called a fraud🤥 Act with integrity, pursue strength, engage in real trading, and always make money from the market rather than from the pockets of fans. Always focus on matters that strike at the heart of the issue, and elevate trading ability to the extreme, rather than just increasing traffic.