In recent years, with the burst of the “bubble” of Bitcoin, and the rise and fall of unscrupulous ICOs, the attitude toward blockchain technology has become increasingly cautious. Individual and institutional investors’ and even spectators’ sentiments have transformed from firm belief to treading lightly. The once-common scam projects are vanishing from the industry, while legitimate projects are bringing their ideas to reality.
These changes are not only on the innovations in applications, but also some fundamental technological advancements as a number of public chains with solid technology have come out one after another. Meanwhile, some top international scientists have started to join the blockchain industry, including Turing Award-winner Silvio Micali, Whitfield Diffie, known as the ‘father of modern cryptography,’ and cryptography and distributed storage scientists such as Alex Wang. In-depth transformation of blockchain technology from the infrastructure level has accelerated the pace of blockchain’s reform. So what exact changes can these top scientists bring to the blockchain industry?
Break the “impossible triangle” to create the infrastructure chain
When speaking of the world’s top scientists working on blockchain, professor Micali, a Turing Award winner, has to be mentioned. Micali led the research and development of a new generation of Byzantine protocol extension and a lottery encryption mechanism. An MIT team under his leadership broke the “impossible triangle” by establishing a new consensus agreement with three features of scalability, security and decentralization at the same time. This distributed ledger is high speed, low energy consumption, extendable, decentralized and hard to be forked.
Having “the best of both worlds” opens up a new storage landscape
A renowned cryptography and distributed storage scientist, Alex Wang introduced a breakthrough TruPrivacy safe storage technology invention. This zero knowledge data encryption science has the potential to bring data storage into a new era by providing a reliable, low cost of storage block chain – the best of both worlds. Wang led the international team of the YottaChain project, a new chain with patented technology and a unique incentive model and governance structure. YottaChain connects global computing resources and storage resources, to form a large scale network computer, enabling any individual to access the computing power resources and storage capacity that was previously only available to large enterprise. It also provides other blockchain applications with convenient, reliable and low-cost storage and computing resources.
Create decentralized artificial intelligence as a technical advisor
The father of modern cryptography, Diffie, joined the project of Cortex as a technical advisor and devoted himself to the research and development of artificial intelligence. This project aims to achieve truly decentralized, autonomous artificial intelligence systems, and realize the consensus of inferring artificial intelligence models on the chain.
New technology, new benefits, or new fraud?
Technology upgrades will bring updates to applications in different scenarios, thus create new commercial value. As many projects are still under development, it is hard to predict its real value. However the overall trend, is that blockchains project are becoming more and more practical, with more technologies. In the coming future, it will bring positive changes and possibilities to human kind.
Media ContactCompany Name: YottaChainContact Person: Yvonne LiEmail: Send EmailCountry: United StatesWebsite: http://yottachain.io
