"The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis cover image

User-Owned AI: On-Chain Training, Inference, and Agents, with NEAR's Illia Polosukhin

"The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis

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Equilibrium in Decentralized Systems

This chapter explores stable equilibrium in decentralized networks, focusing on the vital role of validators in maintaining security and transaction integrity. It contrasts traditional centralized internet infrastructures with blockchain technology, emphasizing trust, verification, and the dynamics of Bitcoin versus proof-of-stake systems. The discussion highlights the significance of permissionless networks, the responsibilities of validators, and the balance between punishing malicious actions and accommodating individual mistakes.

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