Difference between revisions of "Blockchain"
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[[Block Chain]] will solve all problems, provided you have the energy of a small sun available to power it. | [[Block Chain]] will solve all problems, provided you have the energy of a small sun available to power it. | ||
==Context== | ==Context== | ||
| − | The technology for [[Block Chain]] itself has been around for at least 20 years. | + | 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== | ==Problems== | ||
Revision as of 17:05, 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-Stack https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3183935
- ALGORAND the block chain for business https://medium.com/algorand
