MultiversX Tracker is Live!

Decentralised Identity: Satoshi Nakamoto Model of Timechain identity & Society

Etherum Reddit

More / Etherum Reddit 278 Views

(S)atellite (A)utonmous (T)ransfer (O)peration (S)torage (H)ashing (I)nterface =SATOSHI (basically any computing device)

(N)ationality (A)ssociation (K)nowledge (A)rms (M)atter (O)rganization (T)axation (O)peration =NAKAMOTO (basically everything tokenized)

A simple table explaining more: https://app.box.com/s/38s2rugk6vys18wvp368tui1swfquzs6 OR https://postimg.cc/RW43GZxM

https://vitalik.ca/general/2019/11/22/progress.html

Reputation systems

Problem: design a formalized reputation system, including a score rep(A,B) -> V where V is the reputation of B from the point of view of A, a mechanism for determining the probability that one party can be trusted by another, and a mechanism for updating the reputation given a record of a particular open or finalized interaction.

Proof of Storage

A third approach to the problem is to use a scarce computational resource other than computational power or currency. In this regard, the two main alternatives that have been proposed are storage and bandwidth. There is no way in principle to provide an after-the-fact cryptographic proof that bandwidth was given or used, so proof of bandwidth should most accurately be considered a subset of social proof, discussed in later problems, but proof of storage is something that certainly can be done computationally

Useful Proof of Work

making the proof of work function something which is simultaneously useful; a common candidate is something like Folding@home, an existing program where users can download software onto their computers to simulate protein folding and provide researchers with a large supply of data to help them cure diseases.

A multi-chain model of society. Impossible to build or possible?

Alice wants to hire Bob for services & pay to his address Alice cannot verify whether Bob is actually Dr.Bob/Accountant Bob. Bob can share his Nakamoto ID that's cryptographically verified with the help of govt oracles.

Alice can now verify that Bob's ID

submitted by /u/InterloperRa
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments