3 US Universities to Conduct Government-Funded Cryptocurrency Research

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The University of Maryland, Cornell, and the University of California Berkeley will be conducting cryptocurrency research backed by $3 million in funding from the National Science Foundation, a US government agency that supports and funds scientific research.

According to principal investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can address “pain points” in bitcoin and other digital currency networks.

Cryptocurrency Research Scope

This wide-ranging research, which is entitled The Initiative for Cryptocurrency and Contracts (IC3), will also involve Cornell researcher Emin Gun Sirer, Dawn Song from UC Berkeley, and Jonathan Katz, David van Horn and Michael Hicks from the University of Maryland.