Public infrastructure refers to foundational systems and facilities that support a society or economy, typically accessible to all. In the digital realm, this extends to open-source protocols, decentralized networks, and shared data layers that provide essential services. These components are often non-excludable and non-rivalrous, enabling broad participation. Blockchain networks can serve as a form of digital public infrastructure.
Context
The role of blockchain technology as a form of digital public infrastructure is a significant area of discussion in policy and technology circles. Debates center on governance models for these open networks, funding mechanisms for their development, and their potential to provide censorship-resistant services. Future developments include initiatives to build public digital identities, decentralized storage solutions, and open financial rails accessible globally.
A game-theoretic framework for smart contracts proves unique, stable equilibrium, transforming resource allocation from ad-hoc to provably efficient and fair.
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