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Wednesday, December 04, 2019

Blockchain not Bitcoin

Likely approach for approaches that address problems like secure identification and control.

 US Military’s DARPA Program Hops on the ‘Blockchain Not Bitcoin’ Bandwagon
The Defense Advanced Research Projects Agency (DARPA) is seeking to get a better understanding of permissionless blockchains, but Bitcoin does not appear to be invited to the party.

To achieve this enhanced insight into blockchain technology, the US Department of Defense agency has sent out a request for information (RFI) on permissionless distributed consensus protocols, specifically touching on aspects that have been inadequately explored.

One area DARPA is seeking to get a better handle of is how permissionless blockchains can function in the absence of monetary incentives. With permissionless distributed protocols such as Bitcoin offering compensation to participants (miners) in the form of newly-created coins for their work in adding blocks and ensuring the security of the network, DARPA is interested in alternative methods that can be employed.

For the agency, it is mandatory that these techniques do not offer participants incentives in monetary form, cryptocurrency or otherwise. However, other transfers of value can be considered, such as offering participants access to computing resources..... "

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