Blockchain education needed
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.
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.
Technology goes mainstream
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.
Blockchain-based systems dominate research interests
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.
DISCLAIMER
Although the material contained in this article was prepared based on information from public and private sources that tokenwell24-7 believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and tokenwell24-7 expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
