Crypto.com has made it known to the public that it is sponsoring a blockchain security and privacy research initiative at the University of Pennsylvania’s Crypto Research Lab. The cryptocurrency exchange’s latest donation will involve funding the study for the next two years.
We think Crypto.com’s latest effort of donating to the University of Pennsylvania’s Crypto Research Lab to facilitate a blockchain security and privacy research initiative is laudable.
By sharing this update with our readers, we believe they will also appreciate the presence of philanthropic cryptocurrency exchanges like this Singapore-headquartered firm.
According to the Monday, May 23, 2022 news posted online by media platform Techstory, which covers stories about businesses and entrepreneurs, Crypto.com is prominent for its proactive approach to maintaining user security and privacy.
It went ahead this time and sponsored the blockchain security and privacy research project to improve these important matters further.
The blockchain security and privacy research initiative will study the usefulness of cryptography and programming in preventing the growth of privacy and security concerns in blockchain technology projects.
The study is crucial at this time as many blockchain technology programs have suffered security breaches or been botched by hacking incidents. Moreover, the Crypto.com-funded blockchain security and privacy research initiative will concentrate on integrating transparency into virtual currency companies.
As a cryptocurrency exchange, Crypto.com enables users to invest, trade, and stake crypto-assets. Additionally, it facilitates the use of other cryptocurrency-related services like virtual currency wallets and non-fungible tokens or NFTs.
Crypto.com offers more than 250 different cryptocurrencies, moderate charges, and discounts for those users who own a considerable amount of the Crypto.com Coin or CRO.
Furthermore, this virtual asset exchange’s ecosystem of cryptocurrency-related items makes it an appealing option for users who want to do more with their crypto-tokens.
We are glad to learn about Crypto.com’s latest philanthropy-related proclamation. We believe its donation to a blockchain security and privacy research project at the University of Pennsylvania’s Crypto Research Lab is a huge assistance.
After all, the study involves significant issues impacting cryptocurrency users and companies. We think Crypto.com is a very helpful and relevant cryptocurrency entity.
We can recall its US$700-million, 20-year agreement with the Staples Center that led to the latter’s renaming as the Crypto.com Arena last year. Crypto.com is also behind the four-year research gift to the Massachusetts Institute of Technology for the Bitcoin security and usability study.
We gathered that Crypto.com is instrumental in many other sponsorship initiatives. We believe its latest funding of a blockchain security and privacy research effort will help the crypto-asset space move one step ahead towards making virtual currencies more relevant to the real world.