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12/16/20

Nervos and Cardano Strategic Partnership to Improve Smart Contract Security

Nervos and Cardano Launch Research Initiative to Enhance Smart Contract Security

Nervos and Cardano Launch Research Initiative to Enhance Smart Contract Security

Nervos and IOHK, the development team behind the Cardano blockchain, 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. 

UTXO, which keeps track of a user’s unspent transactions across all their accounts and monitors every single transaction, is a more secure alternative to the account-based accounting method used by smart contract-based blockchains such as Ethereum, Nervos said in a statement shared with CoinDesk. 

Read more - Nervos-IOHK Partnership

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