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Blockchain: what is it good for?

by
Ed Felten
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Even if you strip away the hype and fluff, blockchain has value.

  1. Cryptos are surrounded by hype, but there is some valuable computer science within them.
  2. Much of the excitement about blockchain is for the ability to enhance transparency and accountability.
  3. Cryptocurrencies are most useful when coupled with smart contracts.
    1. Smart contracts allow us to make conditional payments without a third party. This requires a “smart contract” system that is efficient and scalable.   
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