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Blockchain

Nearly all men can stand adversity, but if you want to test a man's character, give him power.


What is it exactly, that blockchain achieves? Is it the distributed consensus that is it's greatest merit? Or is it merely the instrument with which it achieves it's greatness?

At it's very core, a blokchain implements a distributed consensus protocol that allows multiple trust-less partiesˆ to agree on significant issues.

While this novel mechanism was originally used to achieve true peer-to-peer transactions, it achieved much more. It removed central foci of power.

Before long, the community built decentralized autonomous organizations (DAOs) that aimed to achieve a democratic system of decision-making through the power of the blockchain.

The chtnnh foundation and blockchain

The foundation's work in blockchain is aimed at researching and improving core blockchain technology, building applications that rely on decentralization as a core principle and educating end-users on the possibilities that decentralization enables.

Like all things at the foundation, this document is a work in progress and will be refined with input from the community. Would you want to contribute?

Footnotes

  1. Stakeholders that do not necessarily trust each other