BitMEX Owner Awards $50K Grant to Bitcoin Smart Contract Developer

100x said the $50,000 grant to Jeremy Rubin would help fund further development of the Bitcoin smart contract language, Sapio.

Jul 22, 2020 at 1:29 p.m. UTC
Updated Sep 14, 2021 at 9:34 a.m. UTC

The parent of crypto derivatives exchange BitMEX has given $50,000 to the Bitcoin Core contributor who revealed last week he was working on a smart contract language for bitcoin.

  • 100x Group announced Wednesday it had awarded a one-year grant to Jeremy Rubin, as part of its Open Source Developer Grant program.
  • The Seychelles-based company, which recently changed its name from HDR Trading, has already given similar grants to fellow Bitcoin Core contributors Michael Ford, Amiti Uttarwar and Gleb Naumenko.
  • A Bitcoin developer since 2011, Rubin said last week he was developing a new programming language, Sapio, for a full smart contract capability on the Bitcoin protocol.
  • He has also established a new research organization, Judica, that plans to develop and release new software tools for Bitcoin.
  • Per the announcement, 100x said the grant would help make Judica financially sustainable and further fund research into Bitcoin's mempool – the protocol's store of pending transactions.
  • Established in 2014, BitMEX's primary product is its bitcoin perpetual contract – trading volume stood at $800 million at press time, according to CoinGecko.

EDIT (July 23, 10:45 UTC):  Some details of this article have been clarified after conversation with Jeremy Rubin about the nature of the grant.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Bitcoin Options Data Suggests Bearish Sentiment Among Investors

Put/call ratio for Bitcoin options reached yearly highs on Thursday, data shows.

Put/call ratio for Bitcoin options reached yearly highs on Thursday, data shows.

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
3
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
4
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown