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IOHK announced today that its most recent document on sidechain protocols was approved for the first Oakland information security conference. IOHK is a blockchain research and development company that is behind the top 10 cryptocurrencies, Cardano. The document offers the first formal definition of the sidechain system that demonstrates how resources can be moved safely between blockchains and the construction of the sidechain layout, suitable for blockchains proof of stake.
Sidechains have been designed as a method to improve scalability blockchain problems that allows for efficient and seamless interoperability between blockchain protocols.
Up to now, there have been no attempts to build in a provenly secure way. The IOHK the search details the firewall properties to reduce the impact of the sidechain on the blockchain.
"With our industry working to create more scalable and business blockchains, the acceptance of our work at this major research conference presents an important validation of the significance of this research as it aims to support the & # 39; The ability to perform blockchain operations, such as the blockchain at the top of the sidechain, while supporting enhanced functionality such as intelligent contract operations, is an important technological growth in the blockchain industry. complete basis for the development of all future blockchain protocols like Cardano ",
said Aggelos Kiayias, the chief scientist IOHK.
Dionysis Zindros, IOHK researcher said,
"We propose the first definition of cryptography for security sidechain in this document, which largely recalls the notion of firewall between chains and much more.We offer constructions that make possible for blockchain based on interoperability tests a protocol that we will later formally demonstrate To be safe in our model I have a lot of confidence that this document will mark the start of space follow-up constructions by most hard-working researchers trying to pursue chain interoperability ideas. "
The Security and Privacy Symposium, which was held in May 2018 in San Francisco, California, by IEEE, focuses on high-level academic developments and research on electronic privacy and cyber security. This IOHK document was written by Dionysis Zindros and Professor Kiayias of the University of Edinburgh and the Kapodistrian and National University of Athens and IOHK research, Peter Gazi.
About IOHK
IOHK was founded by Charles Hoskinson and Jeremy Wood in 2015. IOHK refers to a technology company committed to using peer-to-peer discoveries to provide financial services to over three billion individuals who do not.
IOHK refers to an engineering company responsible for creating blockchains and cryptocurrencies for academic institutions, government corporations and entities. IOHK is a decentralized company that is in love with small, innovative teams that execute and form ideas behind cascading breaks. IOHK is currently studying new paradigms and tools for cryptocurrencies Architecture and cryptographic research. The company is also involved in the development and identification of new technologies to manage the perturbations in order.
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