Gavin Andresen, the Chief Scientist at the Bitcoin Foundation to Join the MIT Digital Currency Initiative

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Gavin Andresen, the Chief Scientist at the Bitcoin Foundation to Join the MIT Digital Currency Initiative

Looks like, the MIT Digital Currency Initiative is attracting the best talent in the Bitcoin industry. The lead Bitcoin developer Gavin Andresen, chief scientist of the Bitcoin Foundation, has announced that he and other Bitcoin Core developers are joining it. The announcement came from his blog wherein he showed his happiness about the decision.

Gavin Andresen wrote, “I am pleased to announce that I’ve joined the MIT Media Lab’s newly launched Digital Currency Initiative to continue my work on the Bitcoin project. I’m looking forward to working with all the amazing people associated with the initiative.” He also informed that Wladimir van der Laan and Cory Fields are joining him as well.

Wladimir van der Laan and Cory Fields both have been working at the Bitcoin Foundation; however, according to Gavin Andresen the two have also decided that MIT is the best place to continue their work on Bitcoin Core and have joined the Media Lab as well. He asks, “So, does this mean that MIT has taken over from the Foundation as the center for “core development”?

However, he himself answers that no, the Bitcoin Foundation was never the center of development; rather, the Bitcoin Core open-source software project has been the center. He says that like most open-source software projects, the developers who work on Bitcoin Core are supported in many different ways.

For instance, according to him whereas some work for companies that want to see Bitcoin succeed, there are some that work for nonprofits. There are some others as well who are self-funded and self-motivated. Nonetheless, he admits that diversity in developer support is good because it means less disruption if support from any individual, company, or organization fails.

Andresen Brings the Most Wanted Talent and Experience

Andresen joining the MIT Media Lab’s program is being discussed a lot for various reasons. Just a couple of days ago the prestigious Massachusetts Institute of Technology (MIT) Media Lab announced the launch of a Digital Currency Initiative, to be directed by former White House senior adviser for mobile and data innovation Brian Forde and soon it got the big fish.

The talent that Andresen brings along will help the MIT Digital Currency Initiative that aims to integrate researchers across the institute and leading experts at other universities around the world. They aim to address some of the most critical challenges to creating a safe, stable and secure digital currency.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com