A Sentient Blockchain? When Blockchains Work Without Human Effort

Bringing the Next Phase in the Digital World

The technology sector has seen unrivaled development in recent years, tech stocks have been excellent holds in the last decade, and thriving new industries have been carved out of nothing.

Ironically, the 2008 crash gave surviving businesses a unique opportunity to revamp and automate operations, with streamlined technology giants making user experiences and services faster and personal, in many cases making previous industry leaders obsolete (Blockbuster and Netflix).

The Internet has reformatted business, communication, and information forever. Looking at the future, we now stand at the beginning of yet another explosion of innovation and computer science, and this time it is an extension of what we have already adopted.

Some of these technologies include blockchain and artificial intelligence, which are now advancing rapidly and will likely push us into the Internet 2.0.

Humans Achieving Consensus

Bitcoin’s blockchain is, by far, the most decentralized as of yet. A unique, yet mostly balanced relationship exists within its ecosystem.

All participants on the blockchain must agree for any changes in the system. If one segment of the community does not agree, they split from the ecosystem, come to a compromise, or simply yield and carry on.

Example: Bitcoin Cash was the result of the Bitcoin community having two strong and conflicting visions for the future of the network. Both eventually went their own respective ways, splitting into BTC and BCH.

A decentralized system is made up of multiple smaller points of failure. If one point of failure is compromised, others simply pick up the slack or a replacement is introduced.

This is one of the key strengths of Bitcoin and the blockchain. It does not rely on one vulnerable server (like e-Gold), person, company, or authority.

Every human being using the network can stop operations at any given time and not cause a disruption.

Blockchains Built by A.I. and Enhancing Their Own Efficiency >> Read the rest here https://www.crushthestreet.com/articles/digital-currencies/a-sentient-blockchain-when-blockchains-work-without-human-effort