Crypto.com (CRO) supports economic MIT research on Bitcoin (BTC)

Crypto.com funds research

The Singapore-based stock exchange Crypto.com has announced that it will contribute financially to cryptocurrency research at MIT Media Laba renowned laboratory at the Massachusetts Institute of Technology (MIT) specializing in the study of multimedia and technologies.

The amount has not been disclosed, but we know it will be spread over 4 years to support the MIT study called ” Bitcoin Security Initiative The analysis will focus on bitcoin network security (BTC) as well open source development of the protocols that support the network.

Erik AnzianiChief Operating Officer for Crypto.com, said:

“We are excited to further support blockchain research around the world with such a valued institution and help accelerate the world’s secure transition to the use of cryptocurrencies.”

This is not an isolated initiative for Crypto.com, which was also one of ” Platinum sponsors ” of MIT FinTech Conference which took place from 24 to 26 February. This event brought together students and key personalities from the cryptocurrency ecosystem to discuss in particular the revolution created by Web 3.0.

In addition, Crypto.com is a member of Blockchain Association of Singapore (BAS), collaborating with, among others, Ledger, Visa, Algorand (ALGO) and Tezos (XTZ) to perfect blockchain technology and promote its development in Singapore.

👉 To understand what is Bitcoin (BTC)?

The study in detail

The MIT Media Lab survey 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 to to study in particular the risks associated with the use of decentralized protocols whether it is from a security or an economic point of view.

“Bitcoin’s security depends on the accuracy and robustness of the software and hardware running 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 essential to increase security and improve resilience. »

The analysis will also consist of, among other things, studying Bitcoin’s long-term economic resilienceespecially in light of inflation, as well as looking for new automation tools and exploration of new programming languages.

Keep in mind that Crypto.com has its own research team ” Research and insight which employs university researchers to publish its monthly report, which collects analyzes of 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 by 19th place of the ranking of cryptocurrencies by more than $ 10 billion in market value.

👉 To move on: UFC – MMA fans will be able to choose which fighters will receive bonuses in Bitcoin (BTC), thanks to Crypto.com

Sources: Crypto.com, MIT

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About the author: Maximilien Prue

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I’m passionate about the world of decentralized finance and the news of Web 3.0, and I’m writing articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
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