Circle Research

Empowering crypto innovation through open-source R&D

Circle Research is committed to open-source principles, making our leading research accessible to the global community. We aim to contribute to the public good and accelerate crypto and blockchain innovation. 

Research contributions

With focus areas like cryptography, cryptocurrency standards, zero-knowledge proof (ZKP) technology, and smart contract development, Circle Research develops insights and reference materials at the cutting edge of our industry.

Latest research

AMP: Rethinking Block Building with Multi-Proposer Consensus

AMP introduces multi-proposer block building, giving proposers direct access to validators with protocol-level assurances on transaction inclusion and ordering. Read on to see if you would like to be a design partner or proposer.

Concave is the New Linear: The Impossibility of Anti-Plutocratic DAO Governance

What makes a “fair” DAO governance mechanism?

Resolving incompatibility between hardware MPC wallets and UC-DKG

Non-exportable hardware breaks UC-DKG assumptions. Star DKG enforces consistency without share export or rewinding, to realize UC-secure multi-device wallets

Altruist and Adversary: Agentic Behavior in the USDC Moltbook Hackathon

We study the USDC Hackathon on Moltbook. Agents built and evaluated complex projects, but didn't follow instructions and engaged in adversarial behavior.

Preparing Blockchains for Q-Day

We explain how blockchains are preparing for the shift to quantum computing. Read our research to see which blockchain layers are vulnerable and more.

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FAQs

Circle Research has a charter to accelerate and amplify technical innovation within the crypto industry by developing technical, open-source research with direct applications. Led by a small team of Circle researchers, engineers, and product managers, projects published by Circle Research are committed to public good and open-source contributions to push the boundaries of crypto and blockchain technology.

Yes. Content published by Circle Research is free and available for anyone to consume, use, and build upon.

Yes. Most contributions from Circle Research will include code in our GitHub repository. Anyone can access this open-source code and fork it for their application and use.

We will aim to publish open-source research contributions with code a few times a year. 

Economic Research

Check out our Policy Hub for our latest papers on macroeconomics, stablecoins, digital assets, distributed ledger technology (DLT) and blockchains.