23 Apr '15, 11am

MIT to Take Over Funding of Three Bitcoin Core Developers

MIT to Take Over Funding of Three Bitcoin Core Developers

The three Bitcoin core developers who were, up until now, funded by the Bitcoin Foundation will join the MIT Media Lab's newly established Digital Currency Initiative. Former lead developer and chief scientist at the Bitcoin Foundation, Gavin Andresen, announced the news on his own blog yesterday. The move means that Andresen, as well as core Maintainer Wladimir van der Laan and Developer Cory Fields, will no longer receive their salary from the foundation. Instead, they will be funded by MIT Media Lab’s Digital Currency Initiative, which also seeks to provide a stable platform for the developers to work from. The MIT Media Lab is an interdisciplinary research laboratory headed by Joi Ito—who is know for his interest in Bitcoin—while the Digital Currency Initiative was launched only last week , and is headed by former White House advisor Brian Forde. The switch for Andrese...

Full article: http://cointelegraph.com/news/114046/mit-to-take-over-fun...

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