Major South Korean Crypto Exchange Bithumb Launches R&D Center

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.

According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:

“Bithumb will become a leading company in the blockchain and cryptocurrency ecosystem by strengthening its own R&D capabilities.”

The center’s purpose

The new R&D center is going to employ around 30 people and will start its activities this month. Bithumb’s research team will study system architecture design to strengthen public blockchain transaction analysis and cryptocurrency private key security.

The architecture research team will focus on high-performance transaction matching systems that can respond to large simultaneous orders. Bithumb also plans to analyze blockchains to isolate cryptocurrency trading transactions and develop a…