Circle Launches Circle Research with Perimeter Protocol

blockchain.news:

Circle has initiated 'Circle Research', a new venture aimed at propelling technical advancements in the realms of cryptocurrency, blockchain, and Web3 through open-source investigation. The launching of Circle Research is seen as a step forward in hastening and broadening the scope of innovation in these domains by opening up research outcomes to the worldwide community. The primary open-source offering from Circle Research comes in the form of the Perimeter Protocol, which lays down a novel framework for the establishment of on-chain credit markets.

At the heart of Circle's philosophy is the endorsement of collective wisdom as a driver for forward movement. Through Circle Research, the company extends its staunch support for open-source ideologies, ensuring that its top-notch research is available to the global populace. The initiative underscores the importance of fostering collaboration and openness, with the aspiration to contribute to societal welfare, uplift security standards, and fast-track innovation in crypto, blockchain, and Web3 landscapes.

Being a noteworthy forerunner in blockchain technology, Circle carries a rich legacy of expertise and a track record of excellence. Circle Research is conceived as a platform to magnify this legacy, melding it with fresh insights to tackle intricate challenges, thereby emerging as a distinctive and formidable entity in the sphere of open-source research and development.

The announcement also marks the debut of Circle Research's first contribution – the Perimeter Protocol, envisioned as a new norm for facilitating credit transactions online. This protocol is essentially a suite of smart contracts, crafted on open standards, that paves the way for hassle-free capital