A warning: we’re going to be talking about the strange world of blockchains and cryptocurrency today, about which I am far less informed than is the case for matters relating to aging. Blockchains are a way to solve problems in distributed collaboration, allowing enforcement of transactions and outcomes without the need for a trusted third party. Implementations to date, most notably Bitcoin and Ethereum, have used the cost of large amounts of computation as the barrier that prevents cheating, but that requires a collectively equally large ongoing expenditure on computation on the part of participants in the network. That is an expense that people have been happy to undertake, as the rewards for participating outweigh the costs. Nonetheless, the community is now at …
SENS Research Foundation Raises at Least $20 Million in the First Two Days of the Pulse Chain Airdrop
A warning: we’re going to be talking about the strange world of blockchains and cryptocurrency today, about which I am far less informed than is the case for matters relating to aging. Blockchains are a way to solve problems in distributed collaboration, allowing enforcement of transactions and outcomes without the need for a trusted third party. Implementations to date, most notably Bitcoin and Ethereum, have used the cost of large amounts of computation as the barrier that prevents cheating, but that requires a collectively equally large ongoing expenditure on computation on the part of participants in the network. That is an expense that people have been happy to undertake, as the rewards for participating outweigh the costs. Nonetheless, the community is now at …