"More Security for Decentralized Blockchain"

The European Research Council (ERC) is funding a project at the Technical University of Darmstadt to improve decentralized blockchain technologies. Sebastian Faust's "CRYPTOLAYER - Cryptography for Second Layer Blockchain Protocols" project has been awarded a prestigious ERC Consolidator Grant for a five-year period. This will strengthen TU Darmstadt's cryptography and IT security research efforts. The goal of the CRYPTOLAYER project is to make decentralized blockchain technologies usable for various applications. These technologies offer a new way to perform computations without relying on a centralized platform provider. They can, for example, process payment transactions in a distributed way using many computers. Although this approach provides a high level of security, it has many drawbacks for widespread use. Blockchain computation is currently expensive and publicly visible. In addition, applications cannot communicate with the outside world. This is where TU Darmstadt's research comes in, as a second protocol layer will run on top of the blockchain with the help of the CRYPTOLAYER project. This article continues to discuss the support and goal behind TU Darmstadt's CRYPTOLAYER project.

TU Darmstadt reports "More Security for Decentralized Blockchain"