TechFlow news, May 20 — According to Cointelegraph, Arthur Hayes' family office Maelstrom has provided a $100,000 grant to Bitcoin developer Ben Allen to improve the Bitcoin privacy transaction tool Payjoin.
The tool was originally proposed in 2019 by Nicolas Dorier through the Bitcoin Improvement Proposal (BIP 78) and allows both the sender and receiver to jointly contribute inputs to a transaction, helping enhance Bitcoin's privacy and scalability. The funding will be paid monthly in Bitcoin over a period of one year.
Arthur Hayes stated that even minimal adoption of Payjoin by a small number of users could break key assumptions made by financial surveillance firms regarding multi-input transactions.
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