IOTA announces new collaboration with CYBERCRYPT on hash function Troika
- IOTA Foundation is collaborating with CYBERCRYPT in hosting a competition, the rewards with be a prize pool of €200,000.
- IOTA's native token MIOTA has been recovering inline with the rest of the market of late, having gaining as much as 70 percent over the past five sessions.
IOTA Foundation will be collaborating with CYBERCRYPT A/S, they are a world leading system provider in robust cryptography and cyber security. This is part of a partnership in releasing a new hash function, which is called Troika.
The purpose of Troika is to deal with all known cryptanalytic attacks. They have also made it viewable to the public for their own evaluation. This will be part of the competition for those that can master it.
A hacking competition, hosted by IOTA and CYBERCRYPT A/S, aiming at inviting cryptanalysts for to evaluate this so-called Troika. The total prize reward is set to be valued at ‚€200,000. Should any of the participants be able to crack it.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
