> In an era in which the internet is increasingly controlled by a handful of large tech incumbents, it’s more important than ever to create the right economic conditions for developers, creators, and entrepreneurs.
I'm happy to see that people are taking decentralization seriously. Blockchain has its place as a public ledger, but as everyone knows, scaling it has issues.
Recently, MaidSafe released a new whitepaper for a new decentralized consensus mechanism, called PARSEC, which they detailed in their blog post[0]. It does not use a blockchain. I'm surprised it didn't get more attention. I'd like to see some serious peer review on the paper.
I've not read the paper but am impressed by their presentation and the experience and community which they have already created around their 'SafeNet' browser.
I'm inclined to believe their mathematical analysis of their own system is sound. They say its based on a system with proven O(n^2) messages requirement, with an elaboration reducing message requirement to a more scalable O(n log n)
I'm happy to see that people are taking decentralization seriously. Blockchain has its place as a public ledger, but as everyone knows, scaling it has issues.
Recently, MaidSafe released a new whitepaper for a new decentralized consensus mechanism, called PARSEC, which they detailed in their blog post[0]. It does not use a blockchain. I'm surprised it didn't get more attention. I'd like to see some serious peer review on the paper.
Perhaps A16Z should get in touch with them?
[0] https://medium.com/safenetwork/parsec-a-paradigm-shift-for-a...