Blockchain will rule the world!?

in #money8 years ago


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Blockchain will rule the world !?

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Blockchain will rule the world - a doubt in this shrinking with each passing day. Right before our eyes, this unique technology creates global environment and social and economic cooperation available not only to people, communities and associations, but also a wide variety of independent artificial agents.

Around each blockchain and applications based on it will inevitably formed a social network, the value of which is increasing the number of participants grows exponentially in accordance with the law of Reed. In contrast to the previous centralized models, this value can not take possession of any intermediaries or network owners - instead it is divided between the members of the network that serves as an economic incentive for effective cooperation, not based on coercion.

Not all of blockchain are the same. A truly scalable global cooperation is possible thanks to three key properties of blockchain: openness, neutrality and immutability.

Blockchain should be open. Rules of the game should be open to all - without any reservations. Everyone should be able to join the network at any level. Everyone should be able to use the network in accordance with its rules. Everyone should be able to create their own client implementation of open protocol. Everyone should be able to contribute to the security of the network. Any restrictions prevent network scalability and increase the risk of centralization, so no registration or identification - nothing should restrict access to the network for people or robots.

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