Bitcoin and decentralized protocols
- Ricardo Pérez-Marco, Visiting Professor at KAUST, CNRS researcher in Paris
B9 R2322 H1
About 12 years ago, Bitcoin was created as the first form of decentralized money, with some of the properties of Nash's ideal money. The protocol proposes a novel probabilistic consensus mechanism, that has the potential to automatize and decentralize many other human activities. The Bitcoin network also provides the first decentralized clock, and has a rich statistical physics interpretation. We will explore the foundations of "Decentralization Theory" and explore what can be expected as future developments.
Overview
Abstract
About 12 years ago, Bitcoin was created as the first form of decentralized money, with some of the properties of Nash's ideal money. The protocol proposes a novel probabilistic consensus mechanism, that has the potential to automatize and decentralize many other human activities. The Bitcoin network also provides the first decentralized clock, and has a rich statistical physics interpretation. We will explore the foundations of "Decentralization Theory" and explore what can be expected as future developments.
Brief Biography
Visiting Professor at KAUST, CNRS researcher in Paris, has worked in various fields from Dynamical Systems to Analytic Number Theory and Economic Dynamics, and more recently in cryptocurrencies and cryptofinance. He learned about Bitcoin in 2011, and has been developing in the last years the Mathematics behind the security analysis of the Bitcoin Network.
