Crypto Pioneer Dhruv Mehta Steps Away, Teases New Startup Idea
• Dhruvkaran Mehta, a prominent developer of Bitcoin Core, is taking a break from the project and focusing on a new startup idea.
• Mehta was funded by grants from Spiral, The Human Rights Foundation, and Gemini.
• He primarily worked on improving Bitcoin’s peer-to-peer (P2P) protocol through Bitcoin Improvement Proposal 324 (BIP324).
Bitcoin Core Developer Stepping Away
Dhruvkaran Mehta, a prominent contributor to Bitcoin Core, the primary open-source software for connecting to the world’s largest blockchain, says he is stepping away from the project to focus on a new Bitcoin-related startup idea.
Mehta began contributing to Bitcoin Core in August 2020 and was funded by grants from Spiral, The Human Rights Foundation, and Gemini.
He primarily worked on improving Bitcoin’s peer-to-peer (P2P) protocol through Bitcoin Improvement Proposal 324 (BIP324).
What BIP324 Does?
BIP324 seeks to reduce potential attacks by introducing a version of the P2P protocol that encrypts messages between Bitcoin nodes. This would make the network much more secure as malicious actors wouldn’t be able to easily observe what nodes are communicating with each other or intercept their communications.
Why Mehta Is Taking A Break?
Mehta mentioned that he decided to take a break because his work on BIP324 has been publicly visible and he wants to move onto something new that could have greater impact. He also said that while he enjoyed working with the team at Blockstream/Spiral, he felt it was time for him to explore his own ideas instead of continuing with existing projects.
What Can We Expect From Mehta’s New Startup Idea?
It’s unclear what kind of project Mehta will be working on next but it likely involves some form of cryptocurrency or blockchain technology given his background in these fields. He also hinted at potentially launching an enterprise service related to his work on BIP324 which could help improve security for businesses using digital assets like bitcoin or other cryptocurrencies.
Dhruvkaran mehta has been an active member of the cryptocurrency community for many years now and is highly respected for his contributions to bitcoin core development as well as other projects related to digital asset security protocols such as BIP324. He is now taking a break from this work in order pursue his own entrepreneurial dreams which could result in exciting developments within this space in the near future!