Former White House Advisor to Lead MIT's Digital Currency Initiative
- Former White House advisor Brian Forde has joined Massachusetts Institute of Technology's (MIT) Media Lab as director of digital currency.
Former White House advisor Brian Forde has joined Massachusetts Institute of Technology's (MIT) Media Lab as its director of digital currency.
Forde previously served as senior advisor to the Obama Administration on matters pertaining to mobile and data innovation.
His new position marks the kickoff of the Lab's Digital Currency Initiative, which aims to promote awareness of digital currency on campus and abroad and supply research towards policy and standards creation. The lab will also look into issues pertaining to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's security, Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term and privacy.
Forde compared the current state of digital currency to that of the internet in its early days, when the groundwork was still being laid. He explained:
"For comparison, the Internet had more than 20 years to mature in academia and government before its tremendous impact on mainstream commercial and personal use."
Lab director Joi Ito said that Forde's previous work in diverse areas would be valuable for the initiative:
"Brian’s experience mainstreaming emerging technologies from the rural mountains of Nicaragua to the White House will be invaluable as he tackles the challenges of digital currency — one of the most promising emerging technologies for the next 10 years."
MIT has taken a leading role in the area of digital currency, playing home to the MIT Bitcoin Club, MIT Bitcoin Project and numerous events.
Former White House advisor Brian Forde has joined Massachusetts Institute of Technology's (MIT) Media Lab as its director of digital currency.
Forde previously served as senior advisor to the Obama Administration on matters pertaining to mobile and data innovation.
His new position marks the kickoff of the Lab's Digital Currency Initiative, which aims to promote awareness of digital currency on campus and abroad and supply research towards policy and standards creation. The lab will also look into issues pertaining to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's security, Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term and privacy.
Forde compared the current state of digital currency to that of the internet in its early days, when the groundwork was still being laid. He explained:
"For comparison, the Internet had more than 20 years to mature in academia and government before its tremendous impact on mainstream commercial and personal use."
Lab director Joi Ito said that Forde's previous work in diverse areas would be valuable for the initiative:
"Brian’s experience mainstreaming emerging technologies from the rural mountains of Nicaragua to the White House will be invaluable as he tackles the challenges of digital currency — one of the most promising emerging technologies for the next 10 years."
MIT has taken a leading role in the area of digital currency, playing home to the MIT Bitcoin Club, MIT Bitcoin Project and numerous events.