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Decentralized infrastructure with federated transactions describes many successful technologies such as email. I think federation is just a design tool meant t
by cjslep 8y ago
Decentralized infrastructure with federated transactions describes many successful technologies such as email.
I think federation is just a design tool meant to solve a specific problem, much like decentralization, programming language choice, data structures, etc are more concrete software engineering ones.
- mabbo 8y agoCertificate authorities seems to follow the same pattern. I wonder if we might see a crytocurrency someday follow that same pattern: the chain is decentralized and public, but the miners are each replaced by authorities that a user can choose to accept (or not). The downside to this would be disagreements over who actually owns what. You'd only be able to make a transaction if both the buyer and seller agree on who owns the currency being exchanged. At least then we wouldn't have the insanity of "whoever uses the most electricity is right".
- woah 8y agoThere are many chains like this
- mabbo 8y agoReally? Do tell, I'm quite interested!
- coconutrandom 8y agoLook up [Delegated] Proof of Stake
- bitxbitxbitcoin 8y agoThose "authorities" could still be expending energy, be it marketing dollars or actual compute time, to jockey to be "the authority" trusted by users, though.
- SeoxyS 8y agoStellar is this
- y_molodtsov 8y agoEmail is a relic of an old era and isn’t a very good example. It wouldn’t catch on if it emerged just now. More and more modern email clients starts to add things on top of the protocol turning their apps into walled gardens (Polymail, Spark, Gmail too actually). Not because they’re evil, because it’s impossible for some players to update the protocol itself.
- hannasanarion 8y agoThat strikes me as a selling feature, not a problem. Everyone can talk to each other over email, but the choice of provider is still meaningful and you can pick one that suits your needs.