#blockchain
What is it?
A public, permanent, append-only distributed ledger
What is blockchain for?
It’s a new way of answering an old question: how can we create enough trust between one another to peacefully exchange something of value?
Enforcement
Early civilizations used threat of force as retribution for dealing in bad faith when engaging in trade.
Institutions
The emergence of governments and banks provided organized, central authorities to which we could outsource trust—as long as we trusted them.
The Network
Blockchains distributed across thousands of computers can mechanize trust, opening the door to new ways of organizing “decentralized” enterprises and institutions.
What is it?
A public, permanent, append-only distributed ledger
What is blockchain for?
It’s a new way of answering an old question: how can we create enough trust between one another to peacefully exchange something of value?
Enforcement
Early civilizations used threat of force as retribution for dealing in bad faith when engaging in trade.
Institutions
The emergence of governments and banks provided organized, central authorities to which we could outsource trust—as long as we trusted them.
The Network
Blockchains distributed across thousands of computers can mechanize trust, opening the door to new ways of organizing “decentralized” enterprises and institutions.
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