While Bitcoin drifts almost a market cap of $ 1 trillion, the 12-year-old organization is feeling the squeeze than at any other time. To keep the BTC network running easily, MIT Media Lab yesterday declared a four-year, $ 4 million innovative work program to secure the BTC organization.
Among the show’s allies are large names in the crypto market, including, Twitter CEO, Jack Dorsey, MicroStrategy CEO, Michael Saylor and Cameron and Tyler Winklevoss, two conceived siblings. pair has established the Gemini cryptographic money trade.
Over the coming four years, DCI will center its commitments to the Bitcoin people group in four center regions of R&D:
- Sustaining a growing senior team of Bitcoin developers (Bitcoin Core and related infrastructure), moving from three to eight researchers and engineers, and expanding our expertise to meet new threats
- Building up long-term defenses against layer-1 Bitcoin Core bugs by, for example supporting modularization efforts, researching safer programming paradigms and languages, and adding formal verification where possible
- Preemptively investigating, monitoring, and strengthening the software against attacks, as well as researching the long-term economic security of the system (e.g. the economic security of fees vs. inflation)
- Improving automation, writing new tests and security tools, and decreasing reliance on scarce experts
The Bitcoin Software and Security Effort program looks to reinforce Bitcoin against possible assaults, by building long-haul protections, improving mechanization and organization checking.