The onset of the biggest technology of this generation; Blockchain Technology; has never been more in demand to be explored various sectors. From supply chain to healthcare to education, Blockchain and its use cases have an enormous possibility that is yet to be explored. Interestingly, despite 2022 being a year majority of which has gone through crypto winter, and the various crypto assets has seen a wild run of values, blockchain in education has thrived. While talking about the sectors dabbling with blockchain, Aptos blockchain has awarded $50k Grant to Professor Lorenzo Alvis of Cornell University in New York; for researching and studying of blockchain in higher education.
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Who is Alvis? Professor Lorenzo Alvis had been a student of Cornell and had earned his Ph.D. from Cornell in 1996. He now teaches computer science and conducts research into distributed computing and game theory.
CTO and co-founder of Aptos Labs, Avery Ching said in a statement, “We are delighted to support the work of Professor Alvisi’s students as they not only research novel blockchain systems but also develop real-world, scalable use cases and applications to benefit the future of the industry.” According to Ching, the core focus or the mission of the Aptos Blockchain remains the education of and about blockchain.
As per the announcement about the grant, the fund will help the students in their research in scaling blockchain performance by making use of a “client-centric architecture”. The announcement also carried on the end result that they are looking forward to and went on to declare that in doing the researches, they will involve “building the abstraction of a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database.”
Did You Know? A Byzantine-tolerant computer system is one of the fundamental properties of reliable blockchain rules or protocols. They can continue operating even if some nodes fail or act maliciously.
In a statement posted on Cornell University’s website, Alvisi has said, “This collaboration with Aptos will help our team understand how to allow existing blockchain-based applications to take full advantage of our novel architecture. Aptos’ Block-STM, which is at the forefront of today’s scalable blockchain execution engines, is a beautiful example of bringing to blockchains the concurrency advantages offered by databases.”
Aptos blockchain aims to build an inclusive layer 1 protocol. Currently, the project is offering a web3 domain with APT as the domain extension. The aim of Aptos Name Service is to give a web3 identity for participants. Besides the name service, Aptos blockchain has designed its own programming language called Move. The blockchain offers easy upgradeability and focuses on maintaining a developer friendly landscape to build decentralized solutions that can be seamlessly scaled.
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