Crypto.com funds research
Singapore-based exchange Crypto.com has announced that it will contribute financially to research on cryptocurrencies at the MIT Media Laba renowned laboratory of the Massachusetts Institute of Technology (MIT) specialized in the study of multimedia and technologies.
The amount of the grant has not been disclosed, but we do know that it will be spread over 4 years in order to support the MIT study called ” Bitcoin Security Initiative “. The analysis will focus on bitcoin network security (BTC) as well as the open source development of the protocols that underpin the network.
Eric AnzianiaChief Operating Officer of Crypto.com, said:
“We are thrilled to further support blockchain research around the world with such an esteemed institution and help accelerate the world’s secure transition to using cryptocurrencies. »
This is not an isolated initiative for Crypto.com, which was also one of the ” Platinum Sponsors ” of the MIT FinTech Conference which took place from February 24 to 26. This event brought together students and important figures from the cryptocurrency ecosystem to discuss, among other things, the revolution brought about by Web 3.0.
Additionally, Crypto.com is a member of the Blockchain Association of Singapore (BAS), where it collaborates with, among others, Ledger, Visa, Algorand (ALGO) and Tezos (XTZ) to perfect blockchain technology and promote its development in Singapore.
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The study in detail
The MIT Media Lab study will be spread over 4 years and aims to bring together players from the ecosystem (we will note the presence of Jack Dorsey), developers and researchers in order to to study in particular the risks associated with the use of decentralized protocols whether from a security point of view or from a financial point of view.
“Bitcoin’s security relies on the accuracy and robustness of the software and hardware that run it, as well as the actions of those who participate in the network. […] Ensuring that critical knowledge, not only about the technology itself, but also about key processes, is consistently recorded and transmitted is critical to enhancing security and improving resilience. »
The analysis will also consist, among other things, of studying the Bitcoin’s long-term economic resilienceespecially in the face of inflation, as well as seeking new automation tools and exploring new programming languages.
Recall that Crypto.com has its own research team “ Research & Insights which employs university researchers to publish its monthly report which brings together analyzes of the cryptocurrency market as a whole and the security of digital assets.
The price of Crypto.com’s native token, CRO, is currently $0.40. He stands at the 19th place of the ranking of cryptocurrencies with more than $10 billion in market capitalization.
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Sources: Crypto.com, MIT
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