THELOGICALINDIAN - The University of Maryland Cornell and the University of California Berkeley will be administering cryptocurrency analysis backed by 3 actor in allotment from the National Science Foundation a US government bureau that supports and funds accurate research
According to arch investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can abode “pain points” in bitcoin and added agenda bill networks.
This absolute research, which is advantaged The Initiative for Cryptocurrency and Contracts (IC3), will additionally absorb Cornell researcher Emin Gun Sirer, Dawn Song from UC Berkeley, and Jonathan Katz, David van Horn and Michael Hicks from the University of Maryland.
“We accept that our analysis can advice authorize cryptocurrency as a arresting analysis area, and accomplish a big appulse in abstraction the approaching of banking affairs and e-commerce,” explained Shi. The allotment for IC3 came from the Secure and Trustworthy Cyberspace Program, an action adherent to allotment analysis into cyber aegis and agenda aloofness that accepted about $75 actor in analysis allotment aftermost year.
In particular, the cryptocurrency analysis will zoom in on systems that accredit broadcast transaction scalability, aloofness and user functionality. Smart affairs will additionally be one of the capital credibility of the research.
Prior to this, the National Science Foundation has already invested in a affairs adherent to cryptocurrency initiatives. The bureau has adjourned added efforts in Princeton University and in the University of California-Irvine. “There’s a lot of absolutely acceptable abstruse issues actuality that they accept articular and accept proposed to study,” Shi shared.
“We accept been faced with abounding challenges in aggravating to accompany academic accuracy to cryptocurrency design. Personally, I am decidedly aflame about cross-disciplinary analysis challenges, and I accept that cryptocurrency can serve as a axial amphitheater for synergizing disparate analysis communities,” Shi added.
Interview quotes address of Coindesk
