Bitcoin privacy tool Payjoin receives $100000 funding from Maelstrom

According to Cointelegraph, investment firm Maelstrom has provided $100000 in funding to Bitcoin developer Ben Allen to improve the development of privacy trading tool Payjoin. This technology can effectively enhance Bitcoin privacy and improve transaction output merging efficiency by allowing both parties to jointly construct transactions (BIP-78 proposal), thereby improving network scalability. This funding adopts an unconstrained flexible model and is distributed monthly in the form of Bitcoin. Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX, pointed out that Payjoin can break through chain analysis companies even with minimal adoption; Multiple inputs in the same transaction must belong to the same entity&34; The key assumption is to enhance the privacy level of the entire Bitcoin network. Developer Allen will work full-time to optimize the Payjoin development kit, with a focus on lowering the threshold for wallet integration, with the goal of promoting the adaptation of mainstream open-source wallets such as Bitcoin Core. Maelstrom stated that it will continue to support developers in the field of Bitcoin privacy and is currently actively seeking other candidates with relevant experience.