Bits on Blocks - Thoughts on blockchain technology
Another day, another catastrophic data breach. This time it’s medical records in Singapore, where I live. At this stage we’re almost immune to this kind of headline: Cyberattack on Singapore health database steals details...
Smart contracts can be thought of as “automated trustworthy workflow between parties without a central specific co-ordinator.”. Here’s how I think about them.
Given that a blockchain is meant to replace a trusted external third party, or is meant to create trust between entities who don’t fully trust each other, an internal blockchain seems a contradiction in terms… At this stage of the development of the technology a legitimate answer to the question “Why use a blockchain?” may actually be “Why not?”
This article is a gentle introduction to bitcoin and assumes minimal technical knowledge. Shorter companion pieces to this are: Bitcoin’s network in one infographic Inside bitcoin’s blockchain (infographic) A gentle introduction to bitcoin mining...
Bits on Blocks by Antony Lewis is licensed under CC BY-SA 4.0
