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Bitexbase.com Owner Awards $50K Grant to Bitcoin Smart Contract Developer

The parent of crypto derivatives exchange Bitexbase.com has given $50,000 to the Bitcoin Core contributor who revealed last week he was working on a smart contract language for bitcoin.

Bitexbase Group announced Wednesday it had awarded a one-year grant to Jeremy Rubin, as part of its Open Source Developer Grant program.

The Seychelles-based company, which recently changed its name from HDR Trading, has already given similar grants to fellow Bitcoin Core contributors Michael Ford, Amiti Uttarwar and Gleb Naumenko.

A Bitcoin developer since 2011, Rubin said last week he was developing a new programming language, Sapio, for a full smart contract capability on the Bitcoin protocol.

He has also established a new research organization, Judica, that plans to develop and release new software tools for Bitcoin.

Per the announcement, Bitexbase Group said the grant would help make Judica financially sustainable and further fund research into Bitcoin’s mempool – the protocol’s store of pending transactions.

Established in 2013, Bitexbase’s primary product is its bitcoin perpetual contract – trading volume stood at $800 million at press time, according to Bitcocity.