Thursday, April 16, 2022

Chief Scientist at IOHK - Blockchain 3.0, a Powerful Game Changer

Professor Aggelos Kiayias Provides Insight to Blockchain 3.0

Aggelos. Kiayias, Chair in Cyber Security and Privacy. University of Edinburgh UK and Chief Scientist at Input Output.
Follow Prof. Aggelos Kiayias on Twitter

Prof. Kiayias, Chair in Cyber Security & Privacy at the Univ. of Edinburgh in the United Kingdom and Chief Scientist at Input | Output, explains why third-generation blockchain Cardano will begin to live up it's potential in 2020.

Ouroboros Hydra - "Solving this scalability problem is considered by many to be a holy grail...proof-of-stake (PoS) layer-2 blockchain protocol dubbed Ouroboros Hydra that is capable of scaling to the physical limits of global network capacity...each head can process up to 1000 transactions per second..."

Smart Contracts - "The real power of the protocol however is in its ability to enable general purpose smart contracts to become ubiquitous...allow millions across the developing world to enjoy access to previously inaccessible financial services, including remotely pay for vital services, from utilities to healthcare, with low-grade cellphones." 

Read the entire article at: Digital Banking Trends of 2020

Cardano Blockchain 3.0 ADA Cryptocurrency

Cardano Blockchain ADA Cryptocurrency Separate Entities; Cardano Foundation, Input Output, Emurgo.
Three Entities Supporting the Cardano Project
Cardano developer Input Output is an engineering company that builds cryptocurrencies and blockchains for academic institutions, government entities and corporations; the platform offers more advanced features than any protocol yet developed, and the first to evolve out of a scientific philosophy. The large team of expert engineers and researchers drawn from around the world started by deconstructing the concept of a cryptocurrency; then, incorporating a groundbreaking Proof of Stake algorithm, Ouroboros. The IOHK team employed a first principles approach driven by peer reviewed academic research to build Cardano from the ground up.
The Cardano Foundation, an independent-entity based in Switzerland, supervises the development of Cardano and its ecosystem; they are committed to protecting and promoting Cardano, and to advocating on behalf of the users and community of the protocol.
Emurgo is a global blockchain technology company providing solutions for developers, startups, enterprises and governments integrating onto the Cardano blockchain. EMURGO develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education. EMURGO has offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.