Disrupting the blockchain as it stands today

Copper Contributor

What kind of algorithmic/technological developments would have to be made to make the concept of the blockchain as it stands today to become unusable? Are there any safeguards for a situation like this?

2 Replies

Can you elaborate Jakub?  Certainly blockchain isn't in wide enterprise use in production yet for a variety of technical and business reasons.  Which are top of mind for you?

something like making progress in hard cryptographic sciences, like finding ways in which hashing function/encryption schemes used today would be rendered easily made useless.

 

Progress in hardware/cluster computing making things computationally unfeasable made feasable unexpectedly.

 

Finding backdoors in algorithms being the backbone of the system.