Investing altcoin

Digital Currency Dash Partnering with Arizona State Uni to Fund Research

Cryptocurrency Dash has been announced to be part of a partnership with Arizona State University [ASU] providing $350k to speed up “development, research and education in a similar way that blockchain transaction security, efficiency, speed and expand its uses.

  • The Dash Scholars Program, which provides $100,000 in scholarships for undergraduate and graduate research fellowships;
  • Research lab and Industry open source projects, providing an additional $100,000 in funding for ASU’s Blockchain Research Lab (BRL) and $50,000 in new funding for the Luminosity Lab, and
  • Blockchain course development, with $100,000 for creating an online graduate course expected to be offered at ASU this fall.

The funding has been done through a successful treasury proposal. Dragan Boscovic – Director of ASU blockchain research lab stated:

“ASU welcomes this initiative and is ready to play its role in creating a potent Blockchain research and innovation environment for young talents to develop practical Blockchain applications.”

Whenever an individual thinks about cryptocurrencies, there exists an attraction to concentrate more on the development taking place or that could happen to the particular coin or blockchain for example” updates, roadmaps, new version of the software and so on. However, when you take a step back and go deeper – what makes the new features and updates come real – researchers that discover what it takes to add them.

While Dash’s Core DAO (distributed autonomous organization) is focused on development, marketing and the day-to-day aspects of maintaining a digital currency, there are at least two research groups working to move the project forward. Dash Labs is a DAO founded by Dash founder Evan Duffield, based in Hong Kong, that is working to develop hardware solutions to enable on-chain scaling using massive blocks.

A similar event has taken place last summer when Dash did fund ASU blockchain research lab with around $50k – upon which Ryan Taylor [Dash Core Team CEO] added:

“Initial research [will] focus on throughput capacity and latency performance of blockchain technology, model and assess it for different network architectures (including Dash’s multi-tiered architecture), applications, and use cases to propose a “scalability” deployment guide and best practices.”

Taylor continued:

“Until now, the majority of Blockchain research has been focused on Bitcoin, with minimal focus on other Blockchain applications…The sponsorship incorporate[s] Dash as the exclusive digital currency for ongoing academic research.”