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Block Chains and the Future of Trustless
Computing
Jameson Lopp Software Engineer
BitGo, Inc
Transaction Chains
How Do You Ensure Order in a Trustless Decentralized System?
What is a block chain?
Multisignature Models
Multisignature Models
The Future of Block Chain Technology People will continue to create new uses for cryptocurrency
● Provably fair games / gambling / lotteries (SatoshiDice, Just-Dice) ● Identity & Reputation services (BitID, BitRated, OneName) ● Notary & timestamping services (CoinSpark, Proof of Existence, Factom) ● Decentralized apps (Namecoin, Ethereum, Counterparty, Mastercoin) ● Decentralized markets (OpenBazaar) ● Decentralized prediction markets (Augur) ● Decentralized crowd funding (LightHouse) ● Decentralized cloud storage (HiveDrive, StorJ, MaidSafe) ● Decentralized voting (Bitcongress, Swarm) ● Decentralized stock/currency/asset exchange (Bitshares, Medici) ● On-demand Internet access (Bitmesh) ● Internet of Things - networked devices autonegotiate contracts (IBM’s ADEPT)
Proof of Ownership
Execution of Contracts
Identity Management
Bitcoin As A State Transition System
Sidechains
Questions?
“Bitcoin Basics: How it Works” http://cdn.americanbanker.com/media/ui/how-bit-works-big.jpg “How Bitcoin Works Under the Hood” - https://www.youtube.com/watch?v=Lx9zgZCMqXE
“Multi-sig Models That Work.” Davenport, Ben. https://medium.com/@bendavenport/multi-sig-models-that-work-adb7707eb009 “Bitcoin Transaction Bookkeeping.” Bitcoin Developer Guide. https://bitcoin.org/img/dev/en-transaction-propagation.svg “Mastering Bitcoin.” Antonopolous, Andreas. https://github.com/aantonop/bitcoinbook
“The dawn of trustworthy computing.” Szabo, Nick. http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html “Bitcoin. Fact. Future. Fiction.” Wan, Tiffany. Hoblitzell, Max. Deloitte University Press. https://d2mtr37y39tpbu.cloudfront.net/wp-content/uploads/2014/06/DUP_847_BitcoinFactFictionFuture.pdf “Ethereum logo” https://www.ethereum.org/images/wallpapers/Ethereum_WALL_5.png “Ethereum Whitepaper” https://github.com/ethereum/wiki/wiki/White-Paper “Sidechains Graphic.” Blockstream. https://blockstream.com/wp-content/themes/blockstream/assets/images/D5.png “Satoshi artwork.” EverdreamSoft. http://www.spellsofgenesis.com/users/gallery?lang=en
Works Cited
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