24 Nov DARPA Hops on the ‘Blockchain Not Bitcoin’ Bandwagon
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The Defense Advanced Research Projects Agency (DARPA) is seeking to get a better understanding of permissionless blockchains, but Bitcoin does not appear to be invited to the party.
To achieve this enhanced insight into blockchain technology, the US Department of Defense agency has sent out a request for information (RFI) on permissionless distributed consensus protocols, specifically touching on aspects that have been inadequately explored.
One area DARPA is seeking to get a better handle of is how permissionless blockchains can function in the absence of monetary incentives. With permissionless distributed protocols such as Bitcoin offering compensation to participants (miners) in the form of newly-created coins for their work in adding blocks and ensuring the security of the network, DARPA is interested in alternative methods that can be employed.
For the agency, it is mandatory that these techniques do not offer participants incentives in…
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