Grok the Modern Vision of Blockchains

“…this course will focus on the fundamental principles of blockchain design and analysis, such as they are in 2021 (it’s still early days. . . ). The goal is to equip you with the tools and concepts to evaluate and compare existing technologies (cutting through the rampant marketing crap), understand fundamental trade-offs between the goals one would want from a protocol or application, and perhaps even create something new and important in the near future (because it’s early days, you can have a tremendous impact on the area’s future trajectory).

It’s worth recognizing that we’re currently in a particular moment in time, witnessing a new area of computer science blossom before our eyes in real time. It draws on well-established parts of computer science (e.g., cryptography and distributed systems) and other fields (e.g., game theory and finance), but is developing into a fundamental and interdisciplinary area of science and engineering its own right. Future generations of computer scientists will be jealous of your opportunity to get in on the ground floor of this new area—analogous to getting into the Internet and the Web in the early 1990s. I cannot overstate the opportunities available to someone who masters the material covered in this course—current demand is much, much bigger than supply.

And perhaps this course will also serve as a partial corrective to the misguided coverage and discussion of blockchains in a typical mainstream media article or water cooler conversation, which seems bizarrely stuck in 2013 (focused almost entirely on Bitcoin, its environmental impact, the use case of payments, Silk Road, etc.). An enormous number of people, including a majority of computer science researchers and academics, have yet to grok the modern vision of blockchains: a new computing paradigm that will enable the next incarnation of the Internet and the Web, along with an entirely new generation of applications.”

-Tim Roughgarden, “Lecture 1.” COMS 6998-006: Foundations of Blockchains. September 15, 2021.

h/t Alex Taborrak in Marginal Revolution.

The first lesson is fairly easy to understand. Looking forward to reading more.