Tag: Consensus

Blockchains and Trust

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“There is one thing that is common to every individual, relationship, team, family, organization, nation, economy and civilization throughout the world — one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, the strongest character, the deepest love. On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life. That one thing is trust.” The speed of Trust, by Stephen…

What’s a Sybil Attack & How Do Blockchains Mitigate Them?

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31 AUGUST 2018, BENNETT GARNER A Sybil attack is an attempt to control a peer network by creating multiple fake identities. To outside observers, these fake identities appear to be unique users. However, behind the scenes, a single entity controls many identities at once. As a result, that entity can influence the network through additional voting power in a democratic network, or echo chamber messaging in a social network. The United States’ recent trouble with Russian election influence via fake accounts on social media is an easy-to-understand example of a…

How Will Blockchain Dominate Technology?

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How Will Blockchain Dominate Technology? By Bhavik Moradiya on ALTCOIN MAGAZINE Bhavik Moradiya Sep 30, 2018 Blockchains, or digitized and decentralized lists of records, generally of financial transactions or other, similar data, have been growing in popularity in recent years. The trend has taken off to the extent that it has attracted the attention of many tech-organizations, most of which are investing time and funds into carrying out more research on blockchains. However, for most of us, the concept of blockchains seems a relatively uninteresting idea that talks about the future of the internet…

How to Run a Blockchain on a Deserted Island with Pen and Paper

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Deserted Island Beach

  Tal Kol May 10, 2018 If you’re ever stranded on a deserted island, knowing how to run the process of decentralized consensus — or in other words, operate a very simple blockchain by hand — can prove to be very useful. All you need is some fellow survivors, this post, a pen and a few pieces of paper. If you’re not certain this skill is useful for your survival, be sure to read my last post on how blockchain can vastly improve island life. Let’s go back to that…