[Busec] Fwd: TALK: Tuesday 02-07-2017 Silvio Micali: ALGORAND: The True Public Ledger
canetti at bu.edu
Tue Feb 7 00:07:48 EST 2017
Should be interesting!
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Subject: TALK: Tuesday 02-07-2017 Silvio Micali: ALGORAND: The True
Date: Tue, 07 Feb 2017 00:01:30 -0500
From: calendar at csail.mit.edu
To: seminars at csail.mit.edu, theory-seminars at csail.mit.edu
Silvio Micali: ALGORAND: The True Public Ledger
Seminar Series: Theory of Computation (TOC) 2017
Speaker: Silvio Micali, MIT
Host: Aleksander Madry
Date: Tuesday, February 07, 2017
Time: 4:00 PM to 5:00 PM
Refreshments Time: 3:45 PM
Location: Patil/Kiva G449
A public ledger is a tamperproof sequence of data that can be read and augmented by everyone. Shared public ledgers stand to revolutionize the way a democratic society operates. They secure all kinds of traditional transactions –such as payments, asset transfers, titling– in the exact order in which they occur; and enable totally new transactions ---such as cryptocurrencies and smart contracts. They can remove intermediaries and usher in a new paradigm for trust. As currently implemented, however, public ledgers cannot achieve their enormous potential.
Algorand is a quite alternative, truly democratic, and very efficient way to implement a public ledger. Unlike prior implementations based on proof of work, it requires a negligible amount of computation, and generates a transaction history that will not “fork” with overwhelmingly high probability.
For more information please contact: Deborah Goodwin, 617.324.7303, <a href="mailto:dlehto at csail.mit.edu">dlehto at csail.mit.edu</a>
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