#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
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Balancing Blockchain: Scalability, Security, and Decentralization
This chapter explores the intricate relationship between scalability, security, and decentralization in blockchain technology, challenging the notion that only two can be prioritized. It discusses the challenges and solutions related to scalability, with a focus on Algorand's innovative methods and the importance of decentralized consensus. The chapter also examines the complexities of cryptocurrency mining and the implications of transitioning from decentralization to centralization, emphasizing a need for honest participant behavior in maintaining network integrity.
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