Blockchain: What Are the Fundamentals?
I enjoyed reading the article: “ 2018's Resolution? Revisit Blockchain's Fundamentals” by William Mougayar on Coindesk . The author warns us that when a new technology comes along, we are often too eager to quickly implement some of the pieces we need, without a vision and an understanding of the full potential of the technology. We have seen this happen in part with the Internet. It was quickly adopted, even though many designers at the time could already see the lack of those security features that had to be added almost as an afterthought. The whole world still suffers the consequences of the lack of a well designed security architecture for the I nternet. W e are now facing similar design choices with the blockchain technology. As a coach warning us to “stick to the fundamentals”, the author lists some of what he considers the blockchain fundamental innovations, or “fundamental outcomes”. But are we sure we understand what the blockchain fundamental blocks ar...