Crypto industry leaders such as Gemini's Cameron and Tyler Winklevoss, CEO of MicroStrategy Michael Saylor, CEO of Square, Jack Dorsey, and Principal European Digital Asset Manager, CoinShares have launched an initiative called the "Bitcoin Software and Security Effort", which will support the efforts of Enhancing the Bitcoin network and its security:
“As a beneficiary of the work of hundreds of developers who secure, upgrade, and maintain the open-source protocols that underlie the Bitcoin network and the applications built on top of it, we believe for-profit firms in the digital asset industry have an obligation to fund independent, neutral development efforts and research that advances the mutual interest of all ecosystem participants.”
To support this initiative, Coinshares has announced a $500,000 donation to the project.
The more institutional money flows, the more initiatives we see that may support the security and development of the Bitcoin network.
The amount is still shy, but I expect more in the future.
Source --->
https://thedailychain.com/mit-announces-4-year-project-that-seeks-to-strengthen-the-bitcoin-network-security/