IOHK, the development team of Cardano’s sidechain paper has achieved a great feat by being accepted on the leading Oakland cybersecurity conference. The conference called “IEEE Symposium on Security and Privacy” is to be held in May 2019, in San Francisco, California. The conference is known for the presentation of high-quality academic research and developments in computer security and electronic privacy.
Cardano’s founder, Charles Hoskinson, expressed his delight on Twitter congratulating the authors of the paper.
Cardano’s Sidechains is going to Oakland https://t.co/5wbjHrj1L1 this is a major conference and one of the most rigorous. Congratulations to the authors and I can’t wait for more!
— Charles Hoskinson (@IOHK_Charles) January 9, 2019
Thus Cardano’s paper being accepted brings forth the value it brings to the overall computer security market.
The sidechain paper was written by Kiayias Zindros, Dionysis Zindros and Peter Gazi. It focuses on the importance of a sidechain system, and how assets can safely be moved between blockchains.
The sidechain paper by IOHK is bound to help the current scalability issues on blockchains to help bring a more efficient interoperability between the protocols. It even includes a firewall to limit the impact of a sidechain failure that may occur on the blockchain.
Another blockchain paper approved for the conference is the paper titled ‘Redactable Blockchain in the Permissionless Setting’ by Dominic Deuber, Bernardo Magri and Sri Aravinda Krishnan Thyagarajan.
Hence, it shows that blockchain’s security is becoming an important issue showcasing the need for a secure blockchain in today’s world.
IOHK’s Chief Scientist, Aggelos Kiayias, had highlighted the importance of sidechains especially to functions such as smart contracts.
Cardano’s native token at the time of writing is ranked 11th with a market capitalization of $1,143,647,815 and a price at $0.044110.
Image Source – Wikimedia
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