While Carstens was correct in acknowledging the applicable value of lessons learned from history and experience, he omitted the ability of cryptoeconomic systems to embody those historical lessons, representing them as laws hardcoded into a network. (ethnews.com)
More recently, new consensus protocols have been invented to allow cryptoeconomic systems to agree on the state (softwareengineeringdaily.com)
«If your primary information security concern is that you want privacy, and you are not interested in getting into advanced crypto or at least moderately complex cryptoeconomic mechanisms such as state channels, then you likely want a server and not a blockchain,» Buterin wrote. (coindesk.com)