An overview of key breakthroughs in blockchain technology — and why Nakamoto Consensus is such a big deal

Credit: Michael Roberts/Moment Open/Getty

Distributed systems can be difficult to understand, mainly because the knowledge surrounding them is distributed. But don’t worry, I’m well aware of the irony. While teaching myself distributed computing, I fell flat on my face many times. …

Source: https://libcom.org/library/consensus-its-discontents

Intro

Many of us are guilty of describing blockchains as “trustless” systems. However, I’ve come to realize that the term “trustless” is ambiguous, confusing, and most importantly, inaccurate.

Blockchains don’t actually eliminate trust. What they do is minimize the amount of trust required from any single actor in the system. They…

Source: http://www.englishblog.com/2012/02/cartoon-murdoch-walking-on-thin-ice.html#.Wi17n7A-d24

There’s no question that blockchain technology has enormous potential.

Decentralized exchanges, prediction markets, and asset management platforms are just a few of the exciting applications being explored by blockchain developers.

Exciting enough, in fact, to raise over billions in ICOs and drive massive price rallies throughout 2017. …

Here’s something I never thought I’d say: this is my last week in Silicon Valley.

This post is a personal one. Rather than sharing insights on Blockchain or Javascript, I’d like to walk through my inner journey the past few years.

It’s a journey that’s left me itching for change…

Preethi Kasireddy

I do not publish on Medium any longer. You can find my latest writings here: www.preethikasireddy.com

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