Skip to content
Chainlink Labs taps co-creator Diem, renowned Stanford cryptographer as technical advisors
 |  Latest News Headlines

Chainlink Labs taps co-creator Diem, renowned Stanford cryptographer as technical advisors
| Latest News Headlines | Usa news



Chainlink Labs taps co-creator Diem, renowned Stanford cryptographer as technical advisors

Chainlink Labs, the organization that builds Chainlink, the world’s largest decentralized oracle network, today announced that Diem co-creator and chief economist Christian Catalini and renowned Stanford cryptographer Dan Boneh have joined the company as strategic advisors. Catalini and Boneh will focus their work on developing the Cross-Chain Interoperability Protocol (CCIP), a new global standard for cross-blockchain decentralized messaging, data, and token movement. Through CCIP, users will be able to move tokens and execute smart contracts across different blockchains through the use of the Chainlink network, enabling the creation of cross-chain applications.

“Since announcing our approach to blockchain interoperability via CCIP in 2021, several multi-billion dollar smart contract projects have already publicly committed to using the protocol at launch,” said Chainlink co-founder Sergey Nazarov.

“To ensure that CCIP launches as the most secure cross-chain protocol in the world, we are bringing in some of the greatest minds in cryptoeconomics and cryptography to work with us. Dan and Christian are two of the most accomplished academics in this entire industry and we are honored to have their guidance as we build this foundational architecture for a multi-blockchain world. In addition to being one of the co-creators of the Diem Project and serving as Chief Economist of the Diem Association, Catalini is the founder of the MIT Cryptoeconomics Lab and a research fellow at the MIT Sloan School. In 2013, Catalini designed the MIT Digital Currency Research Study, which gave all MIT undergraduate students access to cryptocurrency. He is best known for his seminal and early work on the economics of cryptocurrencies and blockchain technology, initial capital formation, and the economics of scientific collaboration. Catalini has presented his work at leading institutions such as Harvard, Yale, MIT, UC Berkeley, Stanford, Federal Reserve Bank, Council on Foreign Relations, World Bank, WEF, IMF, etc.

“While the blockchain industry is rapidly entering a world where multiple chains will thrive, they remain largely disconnected ecosystems,” said Dr. Catalini.

“The Chainlink oracle network can serve as a neutral and open layer that connects the world’s blockchains and I look forward to contributing to this vital piece of interoperability infrastructure. »

The author of over 100 publications in the field of cryptography, with an h-index of 123 and over 87,000 citations, Boneh leads the Applied Cryptography Group at Stanford and is also Co-Director of Stanford’s Center for Blockchain Research. , as well as its Computer Security Lab. An elected member of the National Academy of Engineering for contributions to cryptography, Boneh’s research focuses on cryptosystems with novel properties, cryptanalysis, web security, and cryptography for blockchains. Professor Boneh is one of the founders of Voltage Security, a crypto startup acquired by Hewlett Packard in 2015.

“For a cryptosystem to secure significant amounts across multiple blockchains, security is absolutely paramount,” Dr. Boneh said.

“I’m impressed with Chainlink Network’s ability to scale to service smart contracts in DeFi, and look forward to working with the team to strengthen CCIP’s security as it prepares to launch. In addition to working on CCIP, Catalini and Boneh bring their respective expertise in cryptoeconomics and cryptography to support the Chainlink Labs team in research that extends to the economics section of the white paper 2.0.

At launch, the CCIP will be secured in parallel by another infrastructure known as the Anti-Fraud Network, the first anti-fraud system to secure a blockchain bridge. A risk management tool at its core, the Anti-Fraud Network will be operated by an independent network of Chainlink oracle nodes that proactively monitor multiple blockchains to detect fraudulent activity and take preventative action to protect losses. in a way that minimizes trust.

E-MAIL

Sign up to get the reverse of crypto

Improve your inbox and receive our DailyCoin editors’ picks 1 time per week straight to your inbox.

[contact-form-7 404 "Not Found"]

You can always unsubscribe with just one click.

Continue reading on DailyCoin

Chainlink Labs taps co-creator Diem, renowned Stanford cryptographer as technical advisors
| Local Business News Local news

zimonewszimonews Trans

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.