Foundation system

The Cardano Foundation ($ADA) partners with “one of the leading research universities in Europe”

The Cardano Foundation, a non-profit organization custodian of the Cardano ($ADA) blockchain, has partnered with the Blockchain Center at the University of Zurich, “one of Europe’s leading research universities”.

According to an announcement, the partnership aims to explore the “development of blockchain education and research initiatives.” The Foundation seeks to establish a research collaboration with the Blockchain and Distributed Ledger Technologies (BDLT) group at the University of Zurich to explore topics such as the effectiveness of consensus protocols and the continued development of Cardano.

The announcement details that the BDLT group will “provide valuable tools to the Cardano Foundation for the development and governance of Cardano” with a particular focus on the incentives behind the consensus protocol and a study of economic activities on the network.

Frederik Gregaard, CEO of the Cardano Foundation, reportedly said:

As blockchain moves from the fringes to the mainstream, much more academic research is needed to improve understanding and ultimately drive adoption. That’s why we’ve even specifically named education as a central focus of the Foundation for the coming year.

The collaboration, the announcement details, will also explore “transaction growth and lifecycle analysis for growing, scaling and managing large UTXO wallets,2 as well as organizing token economies.” Cardano and potential system manipulations and attack vectors specific to Ouroboros.

Dr. Claudio Tessone, a professor at the University of Zurich, noted that the collaboration aims to “link micro-behaviour to global properties of blockchain-based systems.”

Tessone added that to achieve this, the researchers’ approach “rely heavily on large-scale data analysis supported by rigorous mathematical and statistical modeling.

The announcement comes shortly after the number of wallets created on the Cardano blockchain grew by more than 500,000 so far this year and topped the three million mark in early February. The rise in the number of wallets coincides with the growing adoption of Cardano’s decentralized finance (DeFi) space.


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