Ethereum Co-Founder Vitalik Buterin On Public and Private Blockchains

Ethereum Co-Founder Vitalik Buterin On Public and Private Blockchains

Recently noted Bitcoin developer and commentator, Peter Todd, interviewed Vitalik Buterin, the co-founder of ethereum. Their conversation ran the gamut, but some of the most interesting ground they covered were the public and private applications of blockchain tech. As Todd put it, 2016 is shaping up to be the “year of enterprise” for blockchain technology. Large raises for companies that have both the motivation and connectivity to actual make it happen. Massive consultancies, banks, and houses of finance are asking more questions and starting trial runs. While much has been discussed....


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Vitalik Buterin: On Public and Private Blockchains

Vitalik Buterin is a programmer and writer. He founded Ethereum, a decentralized web 3.0 publishing platform, for which he won the World Technology Award in 2014. In this article, he explores the differences between public and private blockchains and the pros and cons of both. Over the last year, the concept of 'private blockchains' has become very popular in the broader blockchain technology discussion. Essentially, instead of having a fully public and uncontrolled network and state machine secured by cryptoeconomics (eg proof-of-work, proof-of-stake), it is also possible to create a....

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