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BitMEX’s parent company, 100x Group, awarded a $40,000 grant to Bitcoin developer Calvin Kim

BitMEX is a crypto exchange company whose parent company, 100x Group awarded a $40,000 grant to Calvin Kim. He is the developer of Utreexo , which is the Bitcoin (BTC) unspent transaction outputs (UTXOs) scalability solution . An unspent transaction output is created when someone sends a Bitcoin transaction.  Bitcoin works by moving the coins altogether no matter if the user wants to send only one, the other one would still be moved and then returned to the user, as a UTXO. UTXOs include all spendable Bitcoin and each Bitcoin has to maintain the current record for security. These records…

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