JAKARTA – In the midst of the boom of cryptocurrencies and NFTs, not many have studied the technology that underlies the cryptoverse, blockchain. Though it is the main technology that underpins the emergence of cryptocurrencies and NFTs. To overcome this, The Cardano Foundation seeks to improve education about blockchain in the academic world.
The non-profit organization that oversees the development of Cardano (ADA) is in partnership with the University of Zurich (UZH) for a duration of three years. This partnership is aimed at enhancing blockchain research and education in academia.
The research will eventually cover Cardano's Ouroboros blockchain. Cardano.org itself describes Ouroboros as "the first proven safe proof-of-stake protocol."
For information, Proof-of-Stake (PoS) is a mechanism that allows users to stake their crypto holdings to validate transactions to create new blocks in the network. By staking or staking crypto, users will get rewarded in the form of the same crypto. PoS is said to be an alternative to mining that uses a Proof-of-Work (PoW) mechanism.
Reporting from CryptoPotato, Cardano often markets this mechanism because it makes it superior to Proof-of-Work networks, such as Bitcoin. PoW requires users to spend energy to generate blocks, raising an increasingly pervasive environmental issue among politicians and the media.
However, the Cardano developers are known to be very thorough and careful when building the protocol. The original Ouroboros protocol was built on peer-reviewed research, and its progress is back in academia with this new collaboration.
“For blockchain to move from the margins to the mainstream, more academic research is needed to increase understanding and, ultimately, generate adoption,” said Cardano Foundation CEO Frederik Gregaard. “This is why we even specifically named education as a core goal of the foundation for the year. front."
The Foundation will specifically work with the university's Blockchain Group and Distributed Ledger Technologies (BDLT). Gregaard explained that this research will help develop Cardano further, and expand the institution's knowledge of the network.
Meanwhile, Dr. Claudio Tessone of UZH said Cardano's research would be "invaluable for co-creating research questions and methodologies." The organization's goal, he said, is "to link microbehavior to the global properties of blockchain-based systems."
With this, education about blockchain will be echoed by Cardano. In November 2021, NYC Mayor Eric Adams even proposed that schools start teaching children about crypto and blockchain. Uniquely, Gary Gensler, who is currently chairman of the SEC, is a former blockchain lecturer at MIT.
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