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Joseph Liu received an Award from ACS


Professor Liu received an award for his achievements by the Australian Computer Society (ACS) at the end of October 2018. One of his quotes in his website reads ‘“honored to receive the ‘ICT Researcher of the Year’ Award (winner) given by the Australian Computer Society (ACS), the most substantial professional body in Australia representing the ICT sector.”
Professor Joseph Liu is the man responsible for creating the ring signature algorithm. He has actively been the development leader for this project. Monero is cash for a connected world. It is fast, private and secure. The ring signature algorithm is a crucial technology used in Monero.
According to the website, ACS was founded in January 1966, ‘’ ACS is the professional association for Australia’s Information and Communication Technology (ICT) sector,”
RingCT is Monero ring confidential transactions. RingCT is essentially a privacy feature which has been implemented into the Monero protocol. With the Implementation of this feature, the transactional privacy of users has been improved as the value of funds being transferred are obfuscated.
Professor Liu Is a senior lecturer at the Monash University, Australia. Professor Liu has been into academics since 2004 and has published several papers in his tenure. Professor stated that he has worked towards the development of Monero in the past, but now he has shifted his focus to another crypto project called Hcash.
Hcash is a decentralized and open source cross-platform cryptocurrency. This project is designed to facilitate the exchange of information between blockchain and no blockchain networks. Hcash is a highly secure network working on the quantum resistant signature technology.
Although Hcash is a vastly growing project, its claims of being based in China as well as in Australia have raised several questions. Australia has a relatively liberal economic, regulatory body for cryptocurrencies and ICO’s. The country has seen skyrocketing growth of cryptocurrencies in recent times. On the contrary, China has strict policies on cryptocurrencies. China’s policies are so strict and rigid in terms of cryptocurrencies that the number of such companies in the likes of Singapore completely overshadow its Asian counterparts like Hong Kong and Taiwan.


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