Bitcoin Core developer and current Coinkite advisor Peter Todd has been hired by the Viacoin development team to work on a Bitcoin 2.0 technology concept.
Todd will serve as chief scientist and advisor on both the Viacoin core project and the decentralized smart contract platform ClearingHouse, which is being developed in tandem with Viacoin.
The primary focus of his work will be treechains, a concept created by Todd that allows for block chain scalability and side-chain coordination. Furthermore, treechains promote a greater degree of mining decentralization – a key issue facing the digital currency community today.
According to the official announcement, posted on the viacoin development blog, Todd’s work will allow for greater versatility and complexity of block chain utilization – something that will enable the technology to be used on a larger scale in the broader economy. Tree Chains will ultimately be integrated into viacoin, serving as the basis of a broader build out of its block chain and the protocols being developed for it.
Peter Todd Joins Viacoin Development Team as Chief Scientist