Cryptocurrency Information Bureau News: Maelstrom grants Bitcoin developers! macgyver13 contributes to the development of silent payments. Towards a new future! #Bitcoin #Maelstrom #Cryptocurrency
Video explanation
Will Bitcoin become easier to use? Here's some news that supports the technology of the future!
Hello, I'm John, your blockchain navigator! If you've been feeling like there's been a lot of difficult news lately, I'm here to bring you some exciting news and some very important news for the future of Bitcoin (a type of digital money that can be used on the internet).
An organization called "Maelstrom" has announced that it will provide funding (called a grant) to a fourth developer for the development of new technology to make Bitcoin even better! What a cool name for an organization!
What kind of organization is Maelstrom?
When you hear the word "Maelstrom," you might imagine a huge whirlpool, but it is actually the name of a very reliable organization that supports the technological development of Bitcoin.
Bitcoin is not managed by any particular country or company, but exists through the cooperation of people all over the world. That's why the existence of such supporters is so important for the evolution of Bitcoin. Like a sponsor supporting a talented artist or scientist, Maelstrom supports the "unsung heroes" of Bitcoin technology.
What's so great about "grants" for Bitcoin developers?
When you hear the word "grants," you might think it's a little difficult to understand. Simply put, it's "money for research and development."
Bitcoin is built on a system called "open source." This means that the software's blueprint (called source code) is published on the Internet, and anyone in the world can view it, improve it, or add new features. It's like a big project that everyone is working on together!
However, this kind of development work requires specialized knowledge and time. Many developers work hard as volunteers, but they also have to make a living. So, by providing grants from organizations like Maelstrom, developers can focus on research and development to make Bitcoin better without worrying about their livelihood. Don't you think this is a really great thing for the future of Bitcoin?
- New features are being developed!
- Stronger security!
- Bitcoin is now even easier to use!
In this way, we can expect a lot of exciting things for us users.
Who will be the winner this time? And what will they make?
The recipient of the Maelstrom grant this time is a developer named Ron, who goes by the nickname "macgyver13." It sounds like a cool name, like a secret agent!
Ron is working on the following:Silent Payments"Silent" means "quiet" or "noiseless." So, "silent payment"? What kind of technology is it?
What exactly is "silent payment" technology?
When you pay with Bitcoin, the transaction is actually recorded on the "blockchain" (a large transaction ledger on the Internet that anyone can see). This has the advantage of being highly transparent, but on the other hand, if someone knows your Bitcoin address (like a bank account number), they may be able to trace your past transaction history related to that address.
"Silent payment" is a new technology that aims to solve this privacy issue (protecting personal information and secrets).
Even with today's Bitcoin, you can increase privacy by using a new address for each payment, but "Silent Payments" aims to protect privacy in a smarter way.
To put it very simply...
Let's say you want to receive Bitcoin from someone, but if you have them send it directly to your "main wallet," that record could be used to infer other transactions.
"Silent payments" is like when you receive bitcoin, only a special "marker" that is not directly linked to your main address is recorded in the public record (blockchain). The sender sends it to you in a special way, and only you can confirm that you have received the bitcoin. This makes it more difficult for third parties to know who sent it to whom.
Benefits of Silent Payment:
- Improved Privacy: Your transaction history will be less likely to be spied on by others.
- Improved security: By making it harder for outsiders to grasp your financial situation, it may become safer to use Bitcoin.
It's like when you send a letter and don't write the recipient's real address, but use a special code to send it to them. Only the recipient can decipher the code and receive the letter.
Why is this technology important?
Some people may think, "I don't really care about privacy." But, for example, if information such as where you spend your money each month and how much assets you have were easily visible to everyone, it would be a bit of a problem.
Technologies like "silent payment" are being developed to better protect the privacy of Bitcoin users. If privacy can be better protected, more people may be able to use Bitcoin with peace of mind. If that happens, Bitcoin will become an even more convenient technology that will play a part in our lives.
This grant from Maelstrom is proof that Bitcoin technology is still evolving, and it's passionate developers like Ron who are supporting that evolution.
John's words
This news reminds us that Bitcoin is still a developing technology, with new ideas and improvements being added every day. The power of the developer community that supports open source projects, and the existence of organizations like Maelstrom that back them up, are truly encouraging. I'm looking forward to the day when silent payments are put into practical use!
This article is based on the following original articles and is summarized from the author's perspective:
Maelstrom Announces Its Fourth Bitcoin Developer Grant Recipient