Field Note #25. On "Blockchain & Power to Root Users"

Source: Balaji Srinivasan, "Yes, You May Need a Blockchain," orig. at CoinDesk, avail. online (May 14, 2019)

  • Srinivasan One-Liner: Public blockchains are “massively multiclient databases, where every user is a root user.”
  • Key features of public blockchains:
    (1) Canonical API without centralization
    (2) Lossless import/export
    (3) Incentivized interoperation
    (4) Cryptographic data integrity
You've successfully subscribed to Sandeep C. Ramesh
Great! Next, complete checkout for full access to Sandeep C. Ramesh
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.