æternity is Now a Member of IC3

æternity developers are teaming up with renowned experts in cryptography, distributed systems, game theory, programming languages, and system security techniques.

Relentless research and development is essential for building scalable, efficient, and secure blockchain protocols. Constant innovation in the spheres of distributed consensus, cryptography, game theory and system security will be crucial for the implementation of public blockchain technology in commercial and enterprise applications. Therefore, it is important to stay close to global brain trust centers and work alongside the brightest minds in the industry.

True to this perspective on the blockchain space, æternity is joining technological companies such as IBM, Microsoft, CISCO, Intel, Chain, and Siemens in developing world-class expertise in blockchain architectures. Becoming a member of the Initiative For Cryptocurrencies & Contracts (IC3), we expect to further improve æternity’s technology by contributing to the development and implementation of new cryptocurrency and smart contract solutions that are easy to program and formally verifiable, with provable security properties that meet industry expectations for efficiency and reliability.

IC3 is an initiative of faculty members at Cornell University, Cornell Tech, EPFL, ETH Zurich, UC Berkeley, University College London, UIUC and the Technion. It’s based at the Jacobs Technion-Cornell Institute at Cornell Tech in NYC.

As members of the IC3 initiative, æternity researchers and developers will have the opportunity to directly interact with IC3 academics and students, participate in IC3-organized webinars, receive regular updates on IC3 projects, and access early previews of results, research reports, papers and other IC3 publications.

More About IC3

IC3 applies world-class expertise in two primary tracks:

Blockchain Science: Bringing the science of blockchains to the forefront of blockchain technology development. Currently, most cryptocurrencies and contracts rely on heuristic designs without a formal basis upon which strong assurance of security properties can be achieved. Establishing a rigorous scientific foundation for efficient, scalable, high assurance blockchain-based solutions is a critical need that IC3 is highly qualified to satisfy.

Bringing the science of blockchains to the forefront of blockchain technology development. Currently, most cryptocurrencies and contracts rely on heuristic designs without a formal basis upon which strong assurance of security properties can be achieved. Establishing a rigorous scientific foundation for efficient, scalable, high assurance blockchain-based solutions is a critical need that IC3 is highly qualified to satisfy. Blockchain Code: Delivering blockchain innovation in code, underpinned by solid scientific foundations. IC3 collaborates on the development and verification of multiple open-source blockchain tools and solutions to meet the expectations of the financial industry, for breakthroughs in cost, security, privacy and performance. IC3’s blockchain test bed Miniature World simulates real-world scenarios at scale; such as experiments at 15% the size of the operational Bitcoin system, where Bitcoin was compared with Bitcoin–NG, a new high-performance blockchain protocol pioneered by IC3 and now implemented by æternity.

You can learn more about IC3 on the initiative’s official page.

We are looking forward to an exciting year of active research and implementation of cutting-edge blockchain technology into the æternity protocol.