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one consistent version of the state of ownership. Cryptography is used to implement identification, authentication, and authorization.
Daniel Drescher • Blockchain Basics: A Non-Technical Introduction in 25 Steps
Bitcoin
sari and • 26 cards
cryptocurrency
Applications Programming Interfaces (APIs) are now coming from a public infrastructure that is cryptographically secured (the blockchains). Blockchains are being used as a new form of database, for example as a place to permanently store immutable cryptographic keys (or hashes) in Distributed Hash Tables (DHTs) that point to larger data values that
... See moreWilliam Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
But we also need to go a level deeper. Blockchains and network states have the shared property that they are both trying to "create a new root".
Vitalik Buterin • What do I think about network states?
Decentralised betting is built on blockchain, specifically blockchains that use smart contracts. Smart contracts are used to create agreements with predetermined actions to be carried out based on triggers without the need for trust. To put this into the context of betting:The player makes a bet of £10 for Man Utd to beat Real Madrid at 3/1, then t... See more
Azuro • Why the World Needs Decentralised Betting
New digitally-native trust producing mechanisms are rising up to meet these new demands and cryptoeconomic systems are the centerpiece. Crypto networks create a perfectly competitive global market for producing trust, bringing the price of trust down to the marginal cost of production.
Stephen McKeon • Components of Coordination
This will improve performance and also remove the environmental objection to using Ethereum.