Lecture 16: Blockchain as a Platform

Lecture 16: Blockchain as a Platform

Blockchain as a Platform - Secure timestamping - Burning bitcoin (unspendable transactions) - Overlay currencies - “Smart property” (colored coins) - Blockchains as a source of randomness

The Bun: Bitcoin Fundamentals

Making Block Production Difficult

Hidden Message

The Timestamp Function

The Chelation Process

The Entire Block Chain

Data Storage On The Blockchain

Arbitrary Blockchain Content

Arbitrary Data

Tehnician: Perfect Traceability

Fungible Goods

Tracing Bitcoin Transactions

Benefits And Drawbacks Of Bitcoin

An Overlay Currency

Color Tokens

Dns And Ethereum

Multiparty Lotteries

Source Of Randomness

The Oracle Problem