Editing Thoughts on blockchain scalability (section)

= Domain specific consensus language =

I like the idea of expressing this in a domain specific language that is formal enough to model the benefits gained from tweaking different parameters and combinations of resource-usage (not mathematics.)

If this language were formal enough, you could run nodes in it and use it to scale a ledger to any number of transaction volume, since the ledger would genuinely scale with the security requirements. What this may look like as a language is anyone’s guess. But it’s something to think about.

It may be that after you sit down and formalize all the trust relationships, economic guarantees, resources used, and benefits offered, you’ll start to see that the systems we use today already assume a certain level of trust….

Everything from trusting the hardware vendor, the download provider, the developer, and so on are “trusted third parties”…. and I think there is room to create a more adaptive consensus algorithm based on assuming that security risk isn’t black and white (like every system to date.)

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