IDEAS & Data Application Lab co-host this live webinar:
Darren Tapp is currently developing a course on blockchain technology in partnership with Arizona State University and the Dash network. This course is will be offered through coursera and be available to the world. Darren Tapp earned his Ph.D. from Purdue University with a study of Algebraic Geometry. His math background makes the cryptography behind cryptocurrencies especially fascinating to him. Darren is currently a researcher for DASH, currently considering and evaluate scaling solutions. Darren provides mathematical inspiration to high school aged members of the big fish learning community. Darren resides in New Hampshire.
One topic that Darren Tapp, assistant research professor at Arizona State University, does not get enough press in the blockchain space is game theory. Yet it is the game theory that allows for the resilience of blockchains.
A blockchain allows for rules to be enforced on a computer system. The most popular example of a rule that a cryptocurrency enforces is that money can't be spent twice, or double spent. Incentives are such that no one actor can break the rules without sustaining a significant cost. In fact, an attacker most likely could gain by enforcing the rules instead of breaking them. In game theory, we say that a blockchain operates at a Nash equilibrium. Darren will explain why he believes this is one of the most important properties of a blockchain.
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