The National Science Foundation of the United States grants $ 450,000 to support the study of encrypted monetary incentives

nnnRunaway Commentary: Recently, the US National Science Foundation (NSF) grant of $ 450,000 funded Princeton University researchers conducted “a simple design and optimal monetary encryption mechanisms and Binary Tools” research project. It is reported that the project will begin in September, and will continue until August 31, 2020, its focus is on the algorithmic mechanism and incentive theory design.n
nnTranslation: Clovern
nPrinceton University researchers have been funded by the federal government funding of $ 400,000 to study the incentive mechanism and its use of encrypted currency such as Bitcoin.n
nAssistant Professor of Computer Science at Princeton University took the lead in conducting the research project “Binary Tools for Designing and Using the Simple and Optimal Mechanism of Encrypted Currency”. The National Science Foundation (NSF) allocated $ 450,000 to the research project on June 28. According to NSF, the project will begin in September and will continue until August 31, 2020.n
nThe organization wrote on its website:n
nn”The second focus of the project is to encourage these theoretical basis for solving the problem of encryption currency Bitcoin currency emerging encryption exist. Although bitcoins are not affected by traditional security vulnerability, but a lot of incentive problems if not properly addressed It may affect its future security. “n
nnAlthough encryption currency only constitute a part of this research – with its emphasis on algorithm design mechanisms and incentive theory, but still the research project is to obtain federal government support, the latest instance of the currency associated with encryption technology.n
nIn 2015, NSF awarded contracts and currency encryption Initiative (IC3) project $ 30 million in funding to participate in the research project researchers from Cornell University, University of Ma Lilan and the University of California, Berkeley. NSF also supports research related to network security, which also involves block chains.n

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