MIT Media Lab Director Joi Ito Speaks Up on Bitcoin Technical Development Environment

MIT Media Lab Director Joi Ito Speaks Up on Bitcoin Technical Development Environment

A recent MIT Technology Review article covered by Bitcoin Magazine, titled “Technical Roadblock Might Shatter Bitcoin Dreams,” asks whether the Bitcoin network could be scaled up to support thousands of transactions per second, like the world’s major payment networks, and concludes that the answer is no, unless the Bitcoin code is radically....


Related News

MIT Media Lab Announces Launch of MIT Digital Currency Initiative, Headed by Former White House Senior Adviser

A few days ago Bitcoin Magazine reported that Joi Ito, director of the prestigious Massachusetts Institute of Technology (MIT) Media Lab, was about to unveil a plan for the institute to become what he called an independent, neutral home to help with Bitcoin standards development. "I think within a couple of weeks we'll be announcing something which will be a little bit more substantive," said Ito. "And I'm not pushing it, but I'm offering MIT as a neutral academic home for some of the conversations and the technical coordination." MIT has now formally announced the launch of a Digital....

Media Lab Director Joi Ito Wants MIT to Lead the Bitcoin Ecosystem

Joi Ito, director of the prestigious Massachusetts Institute of Technology (MIT) Media Lab, is about to unveil a plan for the Institute to become what he calls an independent, neutral home to help with Bitcoin standards development, Xconomy reports. Ito has been prominently involved in the development of the Internet from the very beginning, from helping start the first commercial Internet service provider in Japan to investing in Twitter and helping bring it to Japan. A former CEO of Creative Commons, Ito also has served on the boards of the Open Source Initiative, ICANN, The Mozilla....

NewsBTC Conversations: The Altcoin Guys Speaks about their Cryptocurrency Development Services

The Altcoin Guys was launched with an aim to provide cryptocurrency industry with dedicated team of developers for their respective projects. The approach is indeed unique, especially in times when companies are facing a series of delays in development roadmap. We interviewed The Altcoin Guys team to know how they are hoping to improve the cryptocurrency development procedures. Here is the Q&A round: Q) First of all, tell us a little bit about what The Altcoin Guys is all about? A) The Altcoin Guys offer Bitcon and altcoin related development services. Our services range from creating new....

Microsoft Brings Blockchain to Azure Testing Environment

Microsoft is now making its Blockchain-as-a-Service (BaaS) offering available to all users of its Azure testing environment. Designed to allow developers to quickly create environments in Azure, DevTest Labs seeks to help companies control costs associated with development work. Other features include reusable templates, so developers don't have to design virtual machine environments from scratch, and artifacts, which tell apps what actions to take once deployed. The add-on already supports 26 blockchains and allows developers to create and test blockchains with lower costs than a....

MIT to Head Bitcoin Standards Development?

The digital currency industry continues to be mired in controversy, as the lack of a governing body and bitcoin standards development pose plenty of security risks. Massachusetts Institute of Technology (MIT)Media Lab Director Joi Ito is suggesting that the MIT create a neutral home for cryptocurrency technical coordination. Ito has helped in the development of the internet itself, and is known for contributing to the start of the first commercial internet service provider in Japan and investing in Twitter's Japanese services. He was also the former CEO of Creative Commons and has been a....