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Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust

The Breakdown

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The Challenges to Blockchain's Future

The first technical challenge is scalability. The big adoption problem is with the usability of private keys. Privacy will be a dynamic that needs to get built in through new encryption technologies, like homomorphic encryption and others. When all four of them are solved, then I think the whole world just moves en masse into a deterministically guaranteed form - by that point there really won't be any reason to not do it.

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