Published on August 28th, 2015 | by bitcoin0
Baltimore Sun-With growth in Bitcoin usage, science research aims to catch up.
Scientists also are eyeing how “smart” contracts written in computer code could one day employ cryptocurrency and make it ubiquitous.
“This is only the sort of thing academics do,” said Andrew Miller, a College Park computer science doctoral student who is among the researchers, of research testing the security underlying bitcoin.
“There are tons of startups, but only an academic research lab is going to take on that sort of challenge.”
The College Park team is funded by a National Science Foundation grant, which has paid out nearly $600,000 so far.
When you pay for something with bitcoin, one of these computers notes it and adds it to a block.