Bitcoin And The Thermodynamics Of Computation
The Santa Fe Institute has a history of studying complex adaptive systems. Bitcoin has a deep connection to complexity theory and thermodynamic theory.This is an opinion editorial by Spencer Nichols, a contributor at Bitcoin Magazine. (Photograph/Spencer Nichols) “Continuous growth and the consequent ever-increasing acceleration of the pace of life have profound consequences for the entire planet… This is surely not sustainable, and, if nothing changes, we are heading for a major crash and a potential collapse of the entire socioeconomic fabric. The challenges are clear: Can we....
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Aaron Segal dissects Bitcoin using the laws of thermodynamics and the concept of monetary entropy.
Mass adoption of privacy-preserving computation might become a significant improvement for blockchain. Is anyone doing it yet?ArpaChain, a secure computation network compatible with blockchain, uses an MPC protocol that creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure.Earlier this year, Arpa joined the commission on Blockchain technologies and the crypto economy of Russia. The development team also engaged in a large-scale test for preserving privacy. ARPA’s team is currently focused on....
Multiparty computation is being leveraged to ensure private key security and decentralization within Web3 platforms. But why use it? Protecting user data and private keys is crucial as Web3 advances. Yet, the number of hacks that have occurred within the Web3 space in 2022 alone has been monumental, proving that additional security measures, along with greater forms of decentralization, are still required. As this becomes obvious, a number of organizations have started leveraging multiparty computation, or MPC, to ensure privacy and confidentiality for Web3 platforms. MPC is a....
Bitcoin and the concept of decentralization made many things possible, such as Bitnation, a decentralized government. I have recently gotten the chance to talk to some people behind Zennet, the worlds first public super computer. 1. What is Zennet? Zennet is a decentralized peer-to-peer platform that lets anyone rent out and profit from their idle computation power, and anyone rent this power. 2. What does it aim to achieve? Zennet aims to create the world’s biggest decentralized supercomputer, accessible to anyone around the globe. 3. How does it plan on doing just that? Zennet will run....
You’re watching Bitcoinist weekly news bits. Today we’re gonna deal with supercomputers, Mastercard and bitcoin sms. A Public Supercomputer. Zennet is the worlds first public supercomputer. It is a decentralized peer-to-peer platform that lets anyone rent out and profit from their computation power. The company aims to create the world’s biggest decentralized supercomputer, accessible to anyone around the globe. Zennet will run on a blockchain. Anyone with computation power can offer it to the public, and anyone who needs computation power can bid on this power. The bidder will pay for her....