The developer behind the Aptos network, Aptos Labs, has decided to gift a $50,000 grant to Lorenzo Alvisi, Professor of Computer Science at Cornell Bowers CIS.
About Aptos Labs
Founded in 2021 by Avery Ching and Mo Shaikh, Aptos Labs is the company behind the Aptos blockchain. Its founders were previously blockchain engineers on Meta’s project Libra, which was later rebranded to Diem. Aptos Labs is committed to developing products and applications on the Aptos blockchain that redefine the Web3 user experience.
Who Is Professor Lorenzo Alvisi?
Lorenzo Alvisi is a Tisch University Professor of Computer Science at Cornell University. He got his Ph.D. from Cornell University in 1996. He is known for his research in the field of distributed systems and has published many papers on various topics, such as fault tolerance, distributed consensus, and distributed storage systems. He has received several awards for his research, including the ACM SIGOPS Mark Weiser Young Scientist Award and the IEEE TCCA Young Computer Scientist Award.
Professor Alvisi receives $50,000 Web3 grant
The announcement came on Wednesday, and the grant will aid students in researching how to boost blockchain performance using a client-focused structure. This client-oriented design can withstand “highly concurrent transaction processing” and will also take issues regarding the transparency of leader-based networks out of the picture. To accomplish this, “the abstraction of a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database” must be constructed.
Professor Lorenzo Alvisi stated about the grant:
“This collaboration with Aptos will help our team understand how to allow existing blockchain-based applications to take full advantage of our novel architecture. Aptos’ Block-STM, which is at the forefront of today’s scalable blockchain execution engines, is a beautiful example of bringing to blockchains the concurrency advantages offered by databases.”