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IOTA Wants to Streamline Coordicide Implementation by Offering $5 Mln in Grants for Research Purposes
IOTA has just announced a $5 mln grant program that is supposed to speed up the advent of Coordicide. The development of the protocol remains a top priority for the German-based crypto startup.
#news: The IOTA Foundation commits upwards of $5 Million in grants to invite researchers and universities to help us on the quest to accelerate the development of #Coordicide. More details in the blog post:https://t.co/m6jWBaC7UV#IOTA #DLT
— IOTA News (@iotatokennews) July 25, 2019
Alex DovbnyaMoving towards complete decentralization
As reported by U.Today, IOTA released the Coordicide protocol upgrade on May 28 in order to “kill” the Coordinator, which was utilized to secure the network despite the centralization and scalability problems.
Back then, it was revealed that Coordicide would be implemented in Q1 2020, but it now seems like IOTA is going to streamline the process with the help of its recent initiative.
IOTA is currently looking for the members of numerous research organizations beyond its core team to contribute to the project. The proposed researched topics are ranging from spam prevention to timestamping of transactions.
A $1 mln grant is possible
All those who are willing to apply for funding have to submit proposals that feature the research topic and a preliminary budget. They are open to both large and small ideas, so there is a chance to get a grant that will exceed $1 mln.
This is not the first time that IOTA awards talented developers with some greenbacks. Earlier, the company teamed up with Hackster.io to organize the Smart City contest.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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