MIT Digital Currency Initiative to step up bitcoin development

The MIT Digital Currency Initiative is all set to undertake a bigger role in the development of bitcoin with core developers Gavin Andresen, Cory Fields and Wladimir van der Laan joining the project in a full-time capacity.

Brian Forde, MIT Digital Currency Initiative director, said that this would help in bringing stability to developers, something which had been lacking in recent years as the organisation was rocked by scandals.

"Our goal from day one is finding ways to support digital currency and cryptocurrency. Obviously there are different ways to do that, one way is providing stability to core developers in a neutral place. Our hope was in offering them positions we would be able to offer a stable place with resources so they can focus on code", Forde told CoinDesk.

Andresen expressed his views in a blog post that the developers unanimously thought MIT Media Lab was the best place to continue their work and also addressed the recent debate going on regarding core development.

"The Bitcoin Foundation was never the center of development; the bitcoin core open-source software project has been the center, and like most open-source software projects, the developers who work on bitcoin core are supported in many different ways," he wrote.