Learn Blockchain·Apr 22, 2018VII. Cryptocurrency as IncentiveDecentralized systems require decentralized incentives.
Learn Blockchain·Apr 22, 2018VI. Adding to Ownership RecordsA decision toward one direction moves away from another.
Learn Blockchain·Apr 22, 2018V. Distribute Secure RecordsTransaction Records must be distributed to protect against central storage failure.
Learn Blockchain·Apr 22, 2018IV. Secure Ownership RecordsComputers are prized for their ability to quickly edit data. In the context of asset management, this feature becomes a drawback.
Learn Blockchain·Apr 22, 2018III. Transfer OwnershipWithout a central authority to verify an account owner’s consent, consent must be proven.
Learn Blockchain·Apr 22, 2018II. Verify OwnershipCan you prove ownership without deferring to authority?
Learn Blockchain·Apr 22, 2018I. Assets and ComputationThe purpose of central authority is to establish exclusive control within a common space.
