US academics say their shardy blockchain will be 10X faster than Visa
Get the Full StoryUS academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges including MIT, University of California, Standford University, and Berkely are looking to create a digital currency capable of processing thousands of transactions a second without sacrificing the basic principle of decentralization. The project is run by Distributed Technology Research DTR , a non-profit organization established by academics with support from Pantera Capital Management LP to develop decentralized technologies. Unit-e, the digital currency currently in the works, is the DTR s first initiative. Bitcoin s problems Bitcoin s underlying blockchain technology s processing This story continues at The Next WebShare: