IOTA Introduces $5 Million in Grants for Coordicide Research
IOTA has recently announced $5 million in grants that would research Coordicide, described as a system that focuses on permissionless and scalable distributed ledger technology (DLT). The main goal behind said endeavor is to better understand how to implement it and additional contributions that can help fortify its presence within the IOTA ecosystem.
The team has since revealed that an update to the Coordicide website has been launched, adding that the grants page is officially open to consumers. In particular, it reads:
“The Coordicide website provides detailed information for researchers about the types of research we are interested in funding. We are eager to increase our collaboration with external researchers who can contribute to optimizing the Coordicide solution.”
According to the team, launching Coordicide alone didn’t sufficient, hence the natural next step to evolution as being,
“the research pipeline to the broader community of academics and researchers.”
With research comes an opportunity in which Coordicide can make use of the best of DLT. Some of the topics that IOTA is keen in seeing include alternatives to Proof-of-Work (PoW), ways to prevent network congestion, a possible “reputation system”, cellular automata-based consensus and preventing attacks on IOTA among others.
For those who want to onboard the research team, it has been advised that one should simply send in initial proposals of 2 pages, which elaborate on the topic of interest, expected budget and roadmap.
Once the initial review has been assessed by the grant committee, projects most attractive and of interest to the latter will be reached out. Click here to learn more about the research grants: https://coordicide.iota.org/grants.