Delivering the promise of decentralized electronic cash

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Payments is the ‘killer application’ for blockchain

Our first project is the cryptocurrency Unit-e.

Today there are thousands of cryptocurrencies, but they all have limited use. Technology improvements are needed to unlock adoption by merchants and users, creating an economic network effect.

Unit-e’s unique design is backed by the research DTR is funding, delivering the scalable performance needed to enter mainstream use.

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Over the last decade, blockchain technology has grown from a novel idea to a research field studied by academics and developers globally. However, the technical challenges of scalability remain unsolved, holding back the real-world adoption of cryptocurrencies.

“Decentralized Payment Systems: Principles and Design”, published in November 2018 by the DTR research collaboration, set out a vision for an academic research program on blockchains to address these technical challenges.

This research program forms the architecture of a new cryptocurrency: Unit-e.

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The one thing that’s missing, but that will soon be developed, it’s a reliable e‑cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.

Milton Friedman
Economics Nobel Prize winner, 1999