National Science Foundation Funds Research Into Crypto Dollars

[Paglamon]

The National Science Foundation has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar.

The National Science Foundation, an independent agency of the U.S. federal government, awarded a $225,000 grant to private blockchain startup KRNC to design crypto features for the dollar at a time when the digital dollar is a topic of national debate.

Key Retroactivity Network Consensus, or KRNC, is a protocol that would allocate a scarce cryptocurrency like bitcoin to fiat dollars. The digital currency will be distributed free of charge to users in proportion to their already existing wealth, so anyone who holds dollars can interact with decentralized applications without having to purchase cryptocurrencies such as bitcoin or ether.
Source: https://www.coindesk.com/national-science-foundation-funds-research-into-crypto-dollars