The most significant information technology problem in the world today is that neither person nor company has the ability to authoritatively control their transactional data when shared with another. To establish context on this problem one only need to ask one of the following questions: When I move from one…

By Robert Lawson Vaughn on ALTCOIN MAGAZINE — Blockchain is, well, a chain of blocks. That blockchain has blocks is a major problem.

Which has greater value? Cryptocurrency or the transaction? Consider for a moment how you define “value”? Cryptocurrency is of far less value than the potential of the transaction. Unfortunately, cryptocurrency has dominated the discussion related to blockchain. The industry has evolved to equate cryptocurrency price with value. Value is something…

Cryptocurrency will never replace cash. More specifically, cryptocurrencies will never replace paper and coin fiat currency (currency issued by a government). We will also never see cryptocurrencies facilitate our common purchases. Cryptocurrencies may persist as a proxy for fiat, but, with regard to cash, cryptocurrency fails as a replacement. Displacing…

Blockchain is all about trust. But, when can one actually trust that a transaction has become, well, trusted? This may seem like a very odd question. Many think that the moment a transaction is written to a blockchain that it can then be trusted. Unfortunately, and especially for high value…

By Robert Lawson Vaughn on ALTCOIN MAGAZINE — Byzantine Fault Tolerance (BFT) is the foundational theory enabling most any blockchain system to validate transactions in a decentralized network. Consensus algorithms strive to implement BFT. …

By Robert Vaughn November 8, 2019 The blockchain community has promoted the notion that today’s blockchain is like the Internet of the early 1990s. I am here to say that no, what we’re seeing with blockchain is nothing like the early days of the Internet. In the early 1990s, before…