Difference between revisions of "Blockchain"
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| − | *[https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3183935 Proof-of-Stake] solutions use a random selection process, but maintain the value on the chain for the selected updater. | + | *[https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3183935 Proof-of-Stake] solutions use a random selection process, but maintain the value on the chain as the incentive for the selected updater to continue the chain. |
*ALGORAND the block chain for business https://medium.com/algorand | *ALGORAND the block chain for business https://medium.com/algorand | ||
Revision as of 17:08, 12 December 2018
Full Title or Meme
Block Chain will solve all problems, provided you have the energy of a small sun available to power it.
Context
The technology for Block Chain itself has been around for at least 20 years. These simple chain allowed non-revocable commitments by ===Simple Chains. Block chains were first commercialized by Bellcore
Proof of Work
The
Problems
- The current problem that many architects are fixated on solving relate to the concentration of user information in a small number of very large companies.
- There are some efforts to reduce the power consumption. If those work, it looks like the solution will just be some other trust framework, but with a different name. For example the proposal of Hardjono et al.[1] goes to a resilient system like the internet, which is, of necessity, single rooted even though nearly all components can work independantly for a time, just as the internet itself functions today.
Solutions
- Proof-of-Stake solutions use a random selection process, but maintain the value on the chain as the incentive for the selected updater to continue the chain.
- ALGORAND the block chain for business https://medium.com/algorand
