BitMEX: HDR Global Trading donates to MIT’s Digital Currency Initiative supporting cryptocurrency research

2019-5-28 20:53

HDR Global Trading, a company that owns and operates BitMEX, announced their support for research into cryptocurrencies by MIT’s Digital Currency initiative through a donation.

The recent blog by BitMEX explained MIT’s research will try to help develop and better the global cryptocurrency ecosystem. Samuel Reed, the CTO of HDR Global Trading stated:

Our company has always been energized by the potential of cryptocurrency. Our donation into research and development is about ensuring that the network is more robust. A stronger Bitcoin network will be beneficial to all, and we are very excited to be able to aid in its progress.

MIT’s Digital Currency Initiative has four main goals which can be broadly classified into, research on blockchain and digital currency topics, to be a neutral convener to research and test concepts with high social impacts, to allow access of knowledge of the new technology to all, and to help students develop skills and further drive the innovation in blockchain technology.

However, the main purpose/ethos of this initiative as stated by MIT is, “to create a future in which moving value across the Internet is as intuitive and efficient as moving information”.

The blog by BitMEX further added:

HDR Global Trading is proud to support Bitcoin research and engineering that will make Bitcoin stronger, improving Bitcoin’s robustness, scalability and privacy. In particular, HDR is keen to help support the work of Bitcoin Core developers Wladimir van der Laan and Cory Fields. Their roles have important implications on different parts of the Bitcoin protocol.

The post BitMEX: HDR Global Trading donates to MIT’s Digital Currency Initiative supporting cryptocurrency research appeared first on AMBCrypto.

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