The creation of “public ledgers” — like blockchain, popularized by Bitcoin — requires “consensus algorithms” that allow mutually untrusted, uncoordinated parties to agree on a world-readable, distributed list of things (domain names, transactions, title deeds, etc), something that cryptography makes possible in a variety of ways.
(more…)

from Boing Boing https://boingboing.net/2018/02/15/federated-byzantine-agreement.html

Advertisements