Bitcoin Magazine

Maelstrom Announces Its Fourth Bitcoin Developer Grant Recipient

Maelstrom is revealing that Ron, recognized online as “macgyver13,” is the fourth recipient of the Maelstrom Bitcoin Grant Program, per a news release sent out to Bitcoin Magazine. Ron will be dealing with Silent Payments, as proposed in Bitcoin Improvement Proposal 352. 

“We are excited to be financially supporting Ron, in his mission on integrating Silent Payments into Bitcoin wallets,” stated the CFO of Maelstrom Arthur Hayes. “Many merchants and users want to provide/display a single static address that doesn’t change, which is an important, valid and simple use case. With Silent Payments this can still be done, while on-chain address re-use is avoided. Address re-use is a goldmine for the surveillance organisations, and at Maelstrom, we want to help put a stop to it.”

In September 2023, Silent Payments was proposed by Josie Baker and Ruben Somsen. It permits individuals to develop a single, fixed address to show buddies, usage for contributions, or post for pointers without compromising personal privacy. This removes address reuse, an essential approach utilized by security companies to track user habits on the blockchain.

“With many software projects, and perhaps even more so in Bitcoin, taking an idea from a proposal to a fully adopted solution is the hardest part,” Josie stated. “In the short amount of time I’ve been working with Ron, I’ve been thrilled at the progress we’ve made and I’m excited to work with him over the next year on Silent Payments adoption with the goal of making an intuitive, seamless user experience while also protecting user’s financial privacy.”

Bitcoin personal privacy depends upon utilizing brand-new addresses, which typically needs sender to receiver interaction. Existing fixed address techniques utilize notices that increase expenses and leakage metadata. Silent Payments prevents both interaction and notices however needs wallets to scan the blockchain. Multi-celebration input usage is not yet shown protected.

Silent Payments goal to carry out:

• Zero deal expense overhead
• No linkability in between payments and fixed addresses
• No require for sender to receiver interaction
• Compatibility with personal privacy tools and modern-day wallet functions

“My primary focus will be coordinating development and testing efforts within the growing community dedicated to integrating Silent Payments into desktop and mobile Bitcoin wallets,” mentioned the brand-new beneficiary of Maelstrom Ron. “By advancing Silent Payments alongside BOLT12 and BIP-353, we aim to enhance privacy and simplify the user experience, paving the way for broader adoption of Bitcoin as a payment solution.”

This post Maelstrom Announces Its Fourth Bitcoin Developer Grant Recipient initially appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.

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