Crypto.com, a Singapore-based cryptocurrency exchange, said on Friday that it has made a four-year grant to the Digital Currency Initiative (DCI) at the Massachusetts Institute of Technology (MIT) Media Lab.
The grant, of an unspecified amount, aims to support DCI’s research into the security of bitcoin and open-source development of protocols that underlie the network.
“MIT’s Digital Currency Initiative is playing a critical role in building a sustainable blockchain ecosystem, in particular by fortifying bitcoin’s underlying protocol,” said Eric Anziani, Crypto.com’s COO.
Goals of the Gift
The gift is designed to support continuing research efforts into the stability of fee-based rewards and software to provide strong robustness and correctness guarantees.
Supporting Independent, Academic Research on Cryptocurrency and Blockchain
“MIT’s Digital Currency Initiative is playing a critical role in building a sustainable blockchain ecosystem, in particular by fortifying Bitcoin’s underlying protocol,” said Eric Anziani, Chief Operating Officer at Crypto.com. “We are excited to further support blockchain research across the globe with such an esteemed institution and help accelerate the world’s safe transition to using cryptocurrencies.”
This gift follows several other academic initiatives Crypto.com has committed to since 2021. Crypto.com also supports the Secure Blockchain Initiative at Carnegie Mellon University, advancing on-chain safety, and is a member of the Blockchain Association of Singapore, working alongside global corporations and universities worldwide to improve blockchain technology.
Research at Crypto.com
Crypto.com also runs its own Research & Insights team, employing researchers from academia that publish a monthly series of open-access reports on topics ranging from crypto market sizing to analyses of crypto security that educate the global crypto community.
“Our research has shown over and over again that from Brazil to Australia, high security standards are one of the top criteria for choosing crypto products,” added Dr Henry Hon, Head of Research at Crypto.com. “DCI’s research focuses on the security of one of the most widely adopted coins on the planet, a goal we want to support.”
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