US Government to Grant $800k to Blockchain Researchers

As reported, the U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego
21 August 2018   692

The US government will support a distributed registry technology developed by employees of the University of California at San Diego, CoinDesk reports.

The researcher and software developer of the Data Enabled Scientific Computing division at the San Diego Supercomputing Cente, Subhashini Sivagnanam, won a $ 818,433 National Science Foundation (NSF) grant for the development of an open scientific circuit (OSC) - a distributed registry, through which researchers can effectively access data, collected in the course of various scientific experiments, and verify it.

NSF is a scientific organization that helps to distribute federal resources in favor of various research initiatives. In recent years, it has supported several blockchain projects, including those that deal with various aspects of incentive mechanisms in cryptocurrencies and blockchain.

According to the available information, the latter project creates "a web-based cyberinfrastructure platform built using distributed ledger technologies that allows researchers to provide metadata and verification information about their scientific datasets and update this information as the datasets change and evolve over time in an auditable manner" .

In other words, the proposed network will be an up-to-date register of researchers' work, which will grow as new information is added to it. Thanks to this network, researchers will be able to trust the data with which they will have to work more.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.