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The blockchain is critical current & future technology, it's future is independent of Bitcoin's future. Bitcoin is the first implementation of a blockchain sys

by nxzero 10y ago

The blockchain is critical current & future technology, it's future is independent of Bitcoin's future. Bitcoin is the first implementation of a blockchain system, but it's a technology, not Bitcoin. All major log systems will be based on it; governments, banks, military, voting systems, etc. Highly suggest reading the Wikipedia entry on Blockchain to learn more and think about how you might use it too: https://en.m.wikipedia.org/wiki/Blockchain_(database) https://en.m.wikipedia.org/wiki/Blockchain_(database)

notyourwork 10y ago
I am versed on the blockchain. My question was not regarding its merits or usages. My question was on your phrasing of importance and how blockchain would be considered important to Darpa. Do they have publicly known projects where they intend to use it? The funding itself shows they find it valuable or at least are curious enough to spend but for what reason?
losteverything 10y ago
I'm a blockchain blockhead. Any more suggested reading? Really basic like a) how will my debit card debit my money buying DD coffee? If I create another book can I "get blockchain" (so to speak) to protect my work? Thus, I will need to make the right choice to be covered under a blockchain or not? At 50000 ft I get the significance I think. I just cant even come close to explaining it.
- edraferi 10y ago
  I recommend "Mastering Bitcoin" by Andreas M. Antonopoulos. It provides great detail on how the Bitcoin network actually works, including the cryptography you need. Work through that and you'll know how blockchain payments work and have a good idea of how the technology can be applied to other areas. It's available from O'Reily: http://shop.oreilly.com/product/0636920032281.do http://shop.oreilly.com/product/0636920032281.do
- thepredestrian 10y ago
  Think of a blockchain like linked lists. The linked lists exist on the network and is peer to peer, so there is no central server that stores the data. Whenever a new transaction is made, in the case of Bitcoin, a new node is created and joined to the linked list. The bitcoin blockchain is limited in the sense that you can only buy / sell bitcoin. Ethereum is another up and coming blockchain that allows you to write smart contracts (contracts that enforce themselves). There is a whole community of developers working on developing decentralized applications for Ethereum blockchain now. Come join us over at /r/ethereum

by nxzero 10y ago

notyourwork 10y ago

I am versed on the blockchain. My question was not regarding its merits or usages. My question was on your phrasing of importance and how blockchain would be considered important to Darpa. Do they have publicly known projects where they intend to use it? The funding itself shows they find it valuable or at least are curious enough to spend but for what reason?

losteverything 10y ago

I'm a blockchain blockhead. Any more suggested reading? Really basic like a) how will my debit card debit my money buying DD coffee? If I create another book can I "get blockchain" (so to speak) to protect my work? Thus, I will need to make the right choice to be covered under a blockchain or not? At 50000 ft I get the significance I think. I just cant even come close to explaining it.

edraferi 10y ago
I recommend "Mastering Bitcoin" by Andreas M. Antonopoulos. It provides great detail on how the Bitcoin network actually works, including the cryptography you need. Work through that and you'll know how blockchain payments work and have a good idea of how the technology can be applied to other areas. It's available from O'Reily: http://shop.oreilly.com/product/0636920032281.do http://shop.oreilly.com/product/0636920032281.do
thepredestrian 10y ago
Think of a blockchain like linked lists. The linked lists exist on the network and is peer to peer, so there is no central server that stores the data. Whenever a new transaction is made, in the case of Bitcoin, a new node is created and joined to the linked list. The bitcoin blockchain is limited in the sense that you can only buy / sell bitcoin. Ethereum is another up and coming blockchain that allows you to write smart contracts (contracts that enforce themselves). There is a whole community of developers working on developing decentralized applications for Ethereum blockchain now. Come join us over at /r/ethereum