A formal definition of distributed consensus and foundational topics such as the CAP Theorem and the Byzantine Generals Problem. The alternative consensus mechanisms to Bitcoin’s Proof-of-work, including Proof-of-Stake, voting-based consensus algorithms, and federated consensus. The meaning and properties of crypto economics as it relates to its two compositional fields: cryptography and economics, as well as the goals for crypto economics with respect to distributed systems fundamentals The various enterprise-level blockchain implementations, such as JP Morgan’s Quorum, Ripple, Tendermint, and HyperLedger, including the industry use cases for blockchain, ICOs, and the increasing regulations surrounding blockchain. The challenges with scaling and obstacles to widespread blockchain adoption, as well as the possible solutions within vertical scaling (e.g. blocksize increases, Segregated Witness, and the Lightning Network) and horizontal scaling (e.g. sidechains, sharding). The measures that governments have taken to regulate and control blockchain technology e.g. Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, anonymity goals, and government techniques for deanonymization of entities on blockchain. An exploratory look into blockchain ventures today, such as venture capitalism, ICOs, and crowdfunding.
Rustie Lin|Nadir Akhtar|