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by ashelmire
3098 days ago
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Bitcoin is not new or early stage in software terms. Node.js is just as old. Bitcoin cannot be saved. It's a commodity, and it was only a conceptual project from the very beginning. Blockchain and the concepts around it, on the other hand, are existing tech that can be used in many sustainable ways to create distributed ledgers and other things that do not have to share the same problems (although many people are on the get rich quick plan by requiring mining, ICOs, and other plans that only reward creators and early adopters). |
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Research behind implementing Schnorr signatures, lightning network, confidential transactions, efficient confidential transactions (bulletproofs), is bleeding edge research in cryptography mixed with whole bunch of other fundamentals.
Nodejs required practically no academic research while bitcoin needs it heavily today still.
https://eprint.iacr.org/2016/1159.pdf
For example, you have papers like above being published in the context of bitcoin. 60 pages of untrivial math, and that's just one idea of how to scale bitcoin.