Amid DeFi Hacks, Nervos and Cardano Join Forces to Improve Smart Contract Security
Nervos co-founder Kevin Wang
Updated Dec 15, 2020 at 3:39 p.m. UTC
Amid DeFi Hacks, Nervos and Cardano Join Forces to Improve Smart Contract Security
Public chain projects Nervos and Cardano have jointly launched a research initiative to enhance the security of smart contracts by improving Unspent Transaction Outputs (UTXOs), one of the most common accounting methods first adopted by the Bitcoin network.
Nervos and IOHK, the development team behind Cardano, will co-author research papers on how to improve UTXO models, open source future developments, and explore the creation of a universal standard for the accounting method. They will form an alliance with other UTXO-based blockchains to help collaboration across research, development and education in the industry.