BitMEX Awards Grants to Two More Bitcoin Developers

The crypto exchange is now supporting six open-source developers in total.

Sep 23, 2021 at 5:42 p.m. UTC
Updated Sep 23, 2021 at 6:40 p.m. UTC

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

Two Bitcoin developers – Chris Coverdale and Rene Pickhardt – have been selected to receive funding from BitMEX’s Open Source Developer Grant program.

  • Both Coverdale and Pickhardt will receive eight-month grants, with funding lasting until next May. The grants are worth $33,333 each.
  • BitMEX’s announcement of the grant awards describes its developer grant program as “interim funding” meant to help part-time developers make the transition out of employment or education into full-time development work.
  • BitMEX is one of several crypto companies, including Gemini, Marathon Digital Holdings, OKCoin and Square, to fund Bitcoin developers.
  • Coverdale’s work will focus on building an implementation of the Stratum V2 bitcoin mining pool protocol, which he has been working on since February.
  • Pickhardt, a former member of the German Pirate Party, will focus his development work on improving the Lightning Network, a layer 2 payment protocol built on top of Bitcoin.
  • With the addition of Coverdale and Pickhardt, BitMEX is now supporting six Bitcoin developers, including Michael Ford, Calvin Kim and Sjors Provoost. Over the past two years, BitMEX has handed out at total of $1.5 million in open-source development grants.
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.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

CoinDesk - Unknown

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

Trending

1
CoinDesk - Unknown
How the Metaverse Could Be a Game-Changer for NFT Gaming

Rather than letting players port weapons or powers between games, non-fungible tokens will more likely serve as building blocks for new games and virtual worlds. This piece is part of CoinDesk's Metaverse Week.

Rather than letting players port weapons or powers between games, non-fungible tokens will more likely serve as building blocks for new games and virtual worlds. This piece is part of CoinDesk's Metaverse Week.

CoinDesk - Unknown
2
CoinDesk - Unknown
Arthur Hayes, ex CEO de BitMEX, es sentenciado a 2 años de libertad condicional

Hayes se declaró culpable de un cargo de violación de la Ley de Secreto Bancario (BSA) en febrero y enfrentó una sentencia de hasta 12 meses de prisión.

Hayes se declaró culpable de un cargo de violación de la Ley de Secreto Bancario (BSA) en febrero y enfrentó una sentencia de hasta 12 meses de prisión.

CoinDesk - Unknown
3
CoinDesk - Unknown
Lockheed Martin, Filecoin Foundation to Explore Hosting Blockchain Nodes in Space

The two plan to identify a test mission by August 2022.

The two plan to identify a test mission by August 2022.

CoinDesk - Unknown
4
CoinDesk - Unknown
Get Started With DESK: How to Set Up Your Wallet

Learn the first step toward using CoinDesk's relaunched social token.

Learn the first step toward using CoinDesk's relaunched social token.

CoinDesk - Unknown