MIT’s new cryptocurrency reduces data requirements considerably, researchers say

MIT researchers have been working on a new cryptocurrency to reduce by up to 99 percent the amount of data users need to store in order to make transactions versus popular cryptocurrencies, the researchers claim.

Next month, Derek Leung, Yossi Gilad and Nickolai Zeldovich will present their paper on Vault, a cryptocurrency said to be “much more scalable” when compared to other already existing tokens. 

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“Currently there are a lot of cryptocurrencies, but they’re hitting bottlenecks related to joining the system as a new user and to storage. The b