Categories: Bitcoin Latest News

Brazilian Bitcoin Nonprofit Vinteum Announces Utreexo Developer Grant

Grantee Davidson Souza will continue development on multiple Bitcoin projects following a Summer of Bitcoin internship, including Utreexo.

Vinteum, a Brazilian nonprofit dedicated to furthering Bitcoin research and development, has announced its second grant recipient for protocol development, per a release sent to Bitcoin Magazine.

Davidson Souza will receive Vinteum’s second grant in order to continue providing implementations that allow wallets to the Rust Utreexo library. Then, Souza will integrate the library with Spiral’s Bitcoin Development Kit (BDK). Additionally, Souza will develop bitcoin improvement proposals (BIP) surrounding the implementations, help in protocol development and contribute to other projects such as Rust Bitcoin.

Utreexo is a hash accumulator for Bitcoin initially proposed by Tadge Dryja, co-author of the Lightning Network whitepaper. The hash accumulator is meant to serve as an alternative database used to represent a unspent transaction output (UTXO). The alternative dataset allows nodes to obtain and verify information related to UTXO’s. In doing so, the information provided to nodes allows scalability benefits by decreasing the amount of storage full nodes need without changing anything regarding the security of the Bitcoin protocol. The process could also make running a node cheaper, speed up initial block downloads, and be used as an oracle for UTXO sets for different projects.

Souza initially attended some unofficial Venteum seminars which led to his involvement in Summer of Bitcoin, where he met his future mentor Calvin Kim who is a grantee of Bitmex. Kim began mentoring Souza to port the Go Utreexo library to Rust so that anyone can validate Utreexo proofs with Rust code.

“Davidson has been a strong performer during the Summer of Bitcoin program, demonstrating his knowledge of Bitcoin at the protocol level, and has been productive in grasping and implementing the Utreexo algorithms,” said Kim.

Vinteum launched in August with the mission to train and fund open-source developers for the Bitcoin ecosystem in Brazil. The nonprofit announced its first grantee at launch, Bruno Garcia, who also joined the group as a founding member.

Read More

Grantee Davidson Souza will continue development on multiple Bitcoin projects following a Summer of Bitcoin internship, including Utreexo.

Grantee Davidson Souza will continue development on multiple Bitcoin projects following a Summer of Bitcoin internship, including Utreexo.

Vinteum, a Brazilian nonprofit dedicated to furthering Bitcoin research and development, has announced its second grant recipient for protocol development, per a release sent to Bitcoin Magazine.

Davidson Souza will receive Vinteum’s second grant in order to continue providing implementations that allow wallets to the Rust Utreexo library. Then, Souza will integrate the library with Spiral’s Bitcoin Development Kit (BDK). Additionally, Souza will develop bitcoin improvement proposals (BIP) surrounding the implementations, help in protocol development and contribute to other projects such as Rust Bitcoin.

Utreexo is a hash accumulator for Bitcoin initially proposed by Tadge Dryja, co-author of the Lightning Network whitepaper. The hash accumulator is meant to serve as an alternative database used to represent a unspent transaction output (UTXO). The alternative dataset allows nodes to obtain and verify information related to UTXO’s. In doing so, the information provided to nodes allows scalability benefits by decreasing the amount of storage full nodes need without changing anything regarding the security of the Bitcoin protocol. The process could also make running a node cheaper, speed up initial block downloads, and be used as an oracle for UTXO sets for different projects.

Souza initially attended some unofficial Venteum seminars which led to his involvement in Summer of Bitcoin, where he met his future mentor Calvin Kim who is a grantee of Bitmex. Kim began mentoring Souza to port the Go Utreexo library to Rust so that anyone can validate Utreexo proofs with Rust code.

“Davidson has been a strong performer during the Summer of Bitcoin program, demonstrating his knowledge of Bitcoin at the protocol level, and has been productive in grasping and implementing the Utreexo algorithms,” said Kim.

Vinteum launched in August with the mission to train and fund open-source developers for the Bitcoin ecosystem in Brazil. The nonprofit announced its first grantee at launch, Bruno Garcia, who also joined the group as a founding member.

Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

Asia Morning Briefing: Bitcoin Bulls Laser Focused on $120K Despite Trump-Musk Turmoil

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing,…

39 minutes ago

Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021

Bitcoin’s price continues to show signs of consolidation following its all-time high of over $111,000…

2 hours ago

Bitcoin Threatens $100K, Crypto Losses Grow as Musk/Trump Feud Goes Nuclear

The crypto market is getting redder by the minute as the spat between U.S. President…

3 hours ago

Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says

Bitcoin (BTC) remains range-bound in the mid-$100,000s, showing no clear directional bias. However, the Hash…

3 hours ago

Bitcoin vs Stablecoins: Bitcoin is an Unreplicable Lifeline in Authoritarian Regimes

Bitcoin Magazine Bitcoin vs Stablecoins: Bitcoin is an Unreplicable Lifeline in Authoritarian Regimes Eight years…

4 hours ago

Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale: Bloomberg

CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential…

5 hours ago