June 18, 2024

Square offers grant to pseudonymous bitcoin developer

Square Crypto, the cryptocurrency division of payments company Square, announced a grantLightning Network developer under the nickname ZmnSCPxj.

He is known as the author of posts on the topic of Lightning Network, which contain detailed analysis of current proposals, as well as his own proposals, noted Square Crypto.

«In an action that could never happen in any other space, we are giving a grant to someone who at first glance looks like a hash function».— said Square Crypto.

ZmnSCPxj has been on this topic for two years.in his spare time from his main job. The grant will enable him to leave his permanent job and devote a full-time job to improving the Lightning Network and the Bitcoin ecosystem.

Square Crypto did not name the amount of the grant, but indicated that with it ZmnSCPxj «will be able to leave a permanent job for 14 years».

The only known thing about a pseudonymous developer is that he lives in the GMT + 8 time zone, which includes China, Brunei, Hong Kong, Macau, Taiwan, the Philippines, Malaysia and Singapore.

Recall that in September Square Crypto provided a grant of $ 100 thousand to the BTCPay Foundation, the BTCPay Server processing developer.