Blockchain-Free Cryptocurrency Startup Seeking VC Funding

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A new blockchain-free cryptocurrency is in its initial launch preparations by a seasoned researcher that’s behind two influential papers in the field of crypto-economics.

Yonatan Sompolinsky’s new project aims to solve the industry’s biggest obstacles: the speed at which transactions are dispersed and recorded by distributed ledger systems. Sompolinsky plans to release this unnamed project in the later months of 2018. He is also the author of the GHOST protocol and co-author of SPECTRE protocol.

Founders of the developing project include the researcher Ethan Hileman, who worked in the team behind Tumble bit and SPECTRE’s co-author Yoad Lewenberg. Business …

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