Economics of Blockchain by Professor Jason Potts and Dr Chris Berg

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3 Responses to Economics of Blockchain by Professor Jason Potts and Dr Chris Berg

  1. Bruce of Newcastle

    One from today:

    SimBlock: A simulator for testing improvements to real-world blockchain networks

    Kazuyuki Shudo, his colleagues[a] and the Cybersecurity Research Center at Tokyo Institute of Technology (Tokyo Tech) developed a public blockchain simulator called “SimBlock” for use in testing blockchain performance and security. The software can run on a single PC. It is now publicly available as open source.

    SimBlock allows a user to simulate a blockchain network consisting of a large number of nodes (servers), and modify behavior of the nodes to test effects on performance and security. Users can simulate the impact of changes to an existing blockchain, such as Bitcoin, or to a blockchain of their own design.

    SimBlock can currently simulate the parameters of Bitcoin, Litecoin, and Dogecoin, mirroring blockchain network size, block generation interval, and communication speed over the Internet. Users can see what changes to node behavior do to a blockchain network by modifying Java code in SimBlock.

    I suspect the really important and long lasting applications for blockchain aren’t financial. Preserving scientific data for example, which these days seems to be in peril of alteration after the fact. But as with all tech breakthroughs the ones who can make a buck from them get the earliest running.

  2. Rohan

    Given all the additional power required to decrypt blockchains and the rusultant spewing of the Carbons into the atmosphere, won’t someone think of the children?

    Ban Blockchain now!

  3. Frank Walker from National Tiles

    I suspect the really important and long lasting applications for blockchain aren’t financial.

    Fiduciary really. Look at property title. It is an ingenious technology.

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