CryptoCom Backs MIT to Improve Bitcoin Security and Usability

CryptoCom announced that it will support the MIT Digital Currency Initiative to conduct independent research on blockchain and crypto as part of its four-year gift.

The exchange’s gift aims to support the research in Bitcoin security and back the open-source development of protocols that form the foundation of a network by MIT’s Media Lab’s Digital Currency Initiative (DCI).

CryptoCom – MIT

According to the official press release, CryptoPotato, the donation is also designed to help DCI continue its research efforts with regard to the stability of fee-based rewards and software to offer “strong robustness and correctness guarantees.”

Eric Anziani is Chief Operating Officer at CryptoCom.

“MIT’s Digital Currency Initiative is playing a critical role in building a sustainable blockchain ecosystem, in particular by fortifying Bitcoin’s underlying protocol. 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.”

Dr. Henry Hon, Head Research at CryptoCom, stated that research by the team had consistently shown that high-security standards were one of the top criteria to choose crypto products from Brazil and Australia. He also added that DCI’s data focuses on the security of one of the most widely adopted coins on the planet, a goal that the exchange is keen on backing.

Global Crypto Community Education

CryptoCom supports similar initiatives with universities and corporations around the world, including MIT.

One example is the Secure Blockchain Initiative at Carnegie Mellon University. CryptoCom was also made a member of Blockchain Association of Singapore in October. With this, the platform joined the list of prominent players such as Visa, PWC, Ledger, Algorand, Tezos that focuses on promoting “responsible” blockchain and Web 3 initiatives.

CryptoCom is also making waves in the sport sector. It has recently added World Cup into its growing portfolio. As reported earlier, the trading platform entered a sponsorship deal with FIFA  for the FIFA World Cup Qatar 2022™.

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