Monthly Archives: August 2019

3 posts

“Proof instead of trust”

Satoshi Nakamoto outlined the basis of Blockchain and subsequently bitcoin with the above quote in his 2008 paper.   The paper also anticipated the 51% attack: “If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought […]

What will we build first?

How do we approach Blockchain in libraries as developers?  We can start small and replicate a function that is not done with Blockchain.  A demo or even a novelty would be good. In Raymond Dean’s web design class, we were assigned to put in various types of code such as JavaScript, along with our usual CSS and HTML5.  My goal is still to make it to […]

The Truth About Blockchain: 2 1/2 years later

This article by Marco Iansiti and Karim R. Lakhani came out in the January/February issue of the Harvard Business Review. The authors outline an adaptation cycle for Blockchain, which they predict will closely follow the trajectory of TCP/IP adaptation.  TCP/IP began as a single use application for ARPAnet messaging.  Before that, computers had to be connected to each other in order to communicate. From there, they […]