An encryption method that is being developed at the TU Darmstadt should enable more security when using cryptocurrencies, but also in cloud computing.
Project manager Sebastian Faust has received a Consolidator Grant from the European Research Council: over the next five years, the professor of cryptography will be supported by the EU with around two million euros.
Faust is working on making decentralized blockchain technology more secure and thus more widely applicable.
With the method, calculations for money transactions, for example, are carried out by a large number of computers.
However, such calculations are still very expensive and publicly available, as the TU writes.
Faust wants to add a second protocol layer to the blockchain, on which calculations can be carried out quickly and at minimal cost.
In addition, cryptographic protocols should ensure that the data remains confidential.