The coauthored book “Unresolved Issues in Blockchain Technology,” with Professor Matsuo of Georgetown University and others, has been published. It is available from Amazon and elsewhere. I wrote the following chapter:
- “Blockchain Is Trustless” Is an Illusion
In this chapter, I return to the original paper to introduce what Satoshi Nakamoto sought to achieve and what the Bitcoin blockchain is.
I hope you will pick up a copy.
Table of Contents
Blockchain Basics
Proof of Work: A Consensus Rule for Preventing Fraud
The Innovation of Bitcoin
4 Challenges of Blockchain
“Blockchain Is Trustless” Is an Illusion
The Problem of Bitcoin “Consensus”
Can Blockchain Scale?
The Unexpected Pitfalls of Bitcoin
The Major Problem of Blockchain: Key Management
Bitcoin’s Cryptography Will Eventually Be Broken
Blockchain System Development Is Immature
Blockchain Around the World and in Japan
How Is the World Moving?
Afterword
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