US academics say their shardy blockchain will be 10X faster than Visa

US academics say their shardy blockchain will be 10X faster than Visa
фото показано с : thenextweb.com

2019-1-17 17:24

US academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges (including MIT, University of California, Standford University, and Berkely) are looking to create a digital currency capable of processing thousands of transactions a second without sacrificing the basic principle of decentralization.

The project is run by Distributed Technology Research (DTR), a non-profit organization established by academics with support from Pantera Capital Management LP to develop decentralized technologies.   Unit-e, the digital currency currently in the works, is the DTR’s first initiative. Bitcoin’s problems Bitcoin’s underlying blockchain technology’s processing…

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