CryptoCom Backs MIT’s Efforts To Improve Bitcoin’s Safety And Usefulness

  • CryptoCom has also made a name for itself in the sports industry. It recently expanded its offering by adding the World Cup. The trading platform, as previously reported, has signed a sponsorship agreement with FIFA for the FIFA World Cup Qatar 2022TM.
  • The gift from the exchange aims to promote Bitcoin security research as well as the open-source development of network protocols by MIT’s Media Lab’s Digital Currency Initiative (DCI).
  • CryptoCom also joined the Blockchain Association of Singapore earlier this month. With this, the stage joins a considerable rundown of prominent elements, including Visa, PWC, Ledger, Algorand, and Tezos, who are altogether attempting to advance dependable blockchain and Web 3 endeavors.

The trading platform has pledged its support to the MIT Digital Currency Initiative, a non-profit organization dedicated to conducting independent academic studies on cryptocurrency and blockchain. As part of a four-year contribution to MIT, CryptoCom announced plans to support the MIT Digital Currency Initiative for independent, academic study on crypto and blockchain.

Teaching The Cryptocurrency Society Around The World

The gift from the exchange aims to promote Bitcoin security research as well as the open-source development of network protocols by MIT’s Media Lab’s Digital Currency Initiative (DCI).

The donation is also intended to help DCI continue its research work in reference to the stability of fee-based rewards and software to provide high robustness and correctness guarantees, according to the official news release shared with CryptoPotato.

CryptoCom’s Chief Operating Officer, Eric Anziani, said, The MIT Digital Currency Initiative is helping to develop a long-term blockchain ecosystem, particularly through strengthening Bitcoin’s underlying technology. We’re thrilled to partner with such a prestigious organization to assist blockchain research around the world and help expedite the world’s safe transition to cryptocurrency.

Dr. Henry Hon, Head of Research at CryptoCom, stated that high-security standards are one of the top criteria for purchasing crypto products from Brazil to Australia, according to the team’s research. He also stated that DCI’s data focuses on the security of one of the world’s most commonly used coins, a goal that the exchange is committed to.

Teaching The Cryptocurrency Society Around The World

Apart from MIT, CryptoCom has been sponsoring similar blockchain-related activities with big firms and universities all around the world. The Secure Blockchain Initiative at Carnegie Mellon University is one such example. CryptoCom also joined the Blockchain Association of Singapore earlier this month. With this, the stage joins a considerable rundown of prominent elements, including Visa, PWC, Ledger, Algorand, and Tezos, who are altogether attempting to advance dependable blockchain and Web 3 endeavors.

CryptoCom has also made a name for itself in the sports industry. It recently expanded its offering by adding the World Cup. The trading platform, as previously reported, has signed a sponsorship agreement with FIFA for the FIFA World Cup Qatar 2022TM.

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Source: https://www.thecoinrepublic.com/2022/04/23/cryptocom-backs-mits-efforts-to-improve-bitcoins-safety-and-usefulness/