Thursday, November 26, 2015

the future of ethereum?


ethdev |  To research, design and build software that, as best as possible, facilitates, in a secure, decentralised and fair manner, the communication and automatically-enforced agreement between parties.

The facilitation will necessitate the building of tools to aid users and developers alike to utilise the back-end systems and make them as effective as possible in their facilities. It is anticipated that these tools will include the development of consumer-grade end-user components (the so-called Ethereum Browser) together with IDE-like components and associated tools. It will also mean the provision of certain high-level (on-the-system) functions, modules, examples, templates, standards and live services without which development and interoperation would suffer.

Security will likely entail use of strong cryptographic technologies, but could also use various other technologies including, but not limited to verifiable computation, computational steganography, complex-systems modelling and formal proof systems.

Fairness must be absolutely guaranteed throughout. We agree that this is pure technology and must make no affordances to the beliefs of any single actor against any other. The system must never even have the possibility of disadvantaging a single user or organisation over any other. We accept that full decentralisation is pivotal in accomplishing this.

Forward-enforceable agreement between arbitrary sets of parties is a core goal, however to achieve this goal, parties must be able to determine the existence and volition of the other. Communication methods must be provided, on the same technological basis, to facilitate this.

It is anticipated that the use of consensus-based blockchain technology using a Turing-complete VM within its transaction resolver and an arbitrarily large state space, such as that first proposed by Buterin (2013) and an evolution of which was formalised by Wood (2014) will be pivotal in the initial delivery.

It is also anticipated that additional research will need to be conducted, both internally and externally in order to deliver solutions of increasing concordance with these broad goals.