Blockchain technology continues to thrive in education despite a harsh crypto winter that has ruined several industry names. His Aptos Labs, the company behind the eponymous blockchain, announced Wednesday that it will award his $50,000 grant to Cornell University professor Lorenzo Alvis in New York.
Alvisi with a Ph.D. She received her Ph.D. from Cornell University in 1996, where she teaches Computer Science and conducts research in distributed computing and game theory.
“We are pleased to support the work of Professor Alvisi’s students who are not only researching new blockchain systems, but also developing real-world scalable use cases and applications that will benefit the future of the industry.” Aptslab. said in a statement.
According to the announcement, the grant will fund student research using a “client-centric architecture” to scale blockchain performance. Log on to the Byzantine resistance database. ”
A Byzantine-resistant computer system can continue to operate even if some nodes fail or behave maliciously.
According to Ching, blockchain education remains a “core value” of Aptos’ mission.
Aptos is a Layer 1 blockchain launched in October 2022 by Aptos Labs, founded by Avery Ching and Mo Shaik, previously working on Meta’s (then Facebook) Diem’s Novi wallet. Aptos uses parallel execution, which the company claims keeps costs low while keeping transactions fast.
Last summer, Aptos raised another $200 million in March through a strategic round involving Andreessen Horowitz, Multicoin Capital and Haun Ventures, before raising $150 million in late July led by investors including FTX and Parafi. raised million dollars.
Blockchain companies have a long history of donating funds to educational institutions. In 2018, Ripple committed her $50 million to universities such as Princeton University and the University of Texas through the University Blockchain Research Initiative. In 2020, IOHK, the cryptocurrency company behind Cardano, donated $500,000 worth of Cardano (ADA) to the University of Wyoming to help fund blockchain research.
“This collaboration with Aptos will help the team understand how existing blockchain-based applications can take full advantage of the new architecture,” Alvisi said in a statement posted on the school’s website. said in “At the forefront of today’s scalable blockchain execution engines, his Block-STM in Aptos is a beautiful example of bringing to blockchain the concurrency benefits that databases offer.”
Stay on top of crypto news and get daily updates in your inbox.