The Bitcoin ecosystem at MIT has been expanding rapidly, with no sign of slowing down.
They’ve made Bitcoin headlines recently for the innovative plan to hand $100 in Bitcoin to every student at the school, but they’ve been doing much more than that.
The MIT BitComp
The MIT BitComp was a competition for coders to develop Bitcoin-related apps.
The contest was announced in June, and the results have just recently come in.
The $5000 first prize went to the developers of Ethos, a program which creates a system of personal identification built on blockchain technology.
Five $1500 prizes were also given out, including the Improving MIT award for BitStation, who developed a wallet with features geared specifically toward the MIT community.
Each team who made it to the final round also received a generous participation prize package, including a $500 Cloud Starter Pack and $5 Google Play credit from Google, $20 worth of bitcoins in a Blockchain.info wallet, $10 in BTC from Cryptiv, Coinbase, DigitalBTC, Leetcoin, Circle, and Armory, a USB Bitcoin miner, and other prizes from Kraken, Snapcard, Liberty Teller, and more.
The MIT Coop
MIT’s bookstore, located at Kendall Square, has announced it would begin accepting Bitcoin as a payment method.
The store, which is using BitPay as a payment processor, sells books as well as MIT branded clothing and other merchandise.
The idea came about as a result of the success of the store’s Bitcoin ATM. The machine, placed by Liberty Teller in June, is a Lamassu model.
A Tradition Of Technology
MIT’s embracing of Bitcoin will ensure that their graduates are best suited to the jobs which will become available in the growing digital economy.
MIT's Bitcoin Ecosystem Continues To Grow
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