The Cardano Foundation Is Collaborating With ‘One of Europe’s Leading Research Universities
The Cardano Foundation, a non-profit company that manages the Cardano ($ADA) blockchain, has teamed with the University of Zurich’s Blockchain Center, “one of Europe’s top research institutions.”
The alliance, according to a release, would look into “the development of blockchain education and research activities.” The Foundation is seeking to create a research relationship with the University of Zurich’s Blockchain and Distributed Ledger Technologies (BDLT) Group to investigate subjects such as consensus protocol effectiveness and Cardano’s continual development.
According to the statement, the BDLT Group will “offer critical tools to the Cardano Foundation for the development and governance of Cardano,” with a particular emphasis on the incentives underpinning the consensus protocol and an examination of the network’s economic activity.
According to Frederik Gregaard, CEO of the Cardano Foundation: As blockchain technology advances from the fringes to the mainstream, much more academic study will be necessary to improve comprehension and, eventually, acceptance. This is why we have designated education as a primary priority of the Foundation for the next year.
According to the announcement, the collaboration will also investigate “transaction growth and lifecycle analysis for UTXO growth, scalability, and large wallet management,” as well as the organization of Cardano token economies, as well as potential system manipulation and attack vectors specific to Ouroboros.
According to Dr. Claudio Tessone of the University of Zurich, the partnership aims to “connect micro-behavior to global features of blockchain-based systems.”
Tessone stated that the researchers’ technique is “heavily reliant on large-scale data analysis backed up by rigorous mathematics and statistical modeling.”
The news comes as the number of Cardano wallets generated this year has increased by over 500,000 and crossed the three million mark in early February. The increase in wallets corresponds to Cardano’s decentralized finance (Defi) market gaining traction.
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