Cardano ($ADA) Foundation Is Partnering With ‘One of the Leading Research Universities in Europe’

The Cardano Foundation, a non-profit organization custodian of the Cardano ($ADA) blockchain, has partnered with the Blockchain Center of the University of Zurich, “one of the leading research universities of Europe.”

According to an announcement, the partnership is meant to explore the “development of blockchain education and research initiatives.” The Foundation is looking to establish a research collaboration with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore topics like the efficacy of consensus protocols the continuous development of Cardano.

Track live crypto price of 10000+ coins!

The announcement details the BDLT Group will “provide valuable tools to the Cardano Foundation for the development and governance of Cardano” with a specific focus on the incentives behind the consensus protocol and a study of the economic activities on the network.

Frederik Gregaard, CEO of the Cardano Foundation, was quoted saying:

As blockchain moves from the margins to the mainstream, considerably more academic research is required to enhance understanding and, ultimately, bring about adoption. This is why we have even specifically called out education as a core goal of the Foundation for the year ahead.

The collaboration, the announcement details, will also explore the “transaction growth and lifecycle analysis for UTXO growth, scalability, and large wallet management,2 as well as the organization of Cardano token economies and potential system manipulation and attack vectors specific to Ouroboros.

Related:  Cardano Jumps 6%, Bitcoin's Consolidation Below $30K Continues (Market Watch)

Dr. Claudio Tessone, a professor at the University of Zurich, noted that the collaboration is aiming to “link micro-behavior to global properties of blockchain-based systems.”

Tessone added that to achieve it, the researchers’ approach “heavily relies on large-scale data analysis supported by rigorous mathematical and statistical modeling.

The announcement comes shortly after the number of wallets created within the Cardano blockchain grew by over 500,000 so far this year and surpassed the three million mark in early February. The rise in the number of wallets coincides with the growing adoption of Cardano’s decentralized finance (DeFi) space.


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.


Featured image via Unsplash

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: