LykkeCity

The Lykke community

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H1 Blockchains and Smart Contracts

H2 Lykke Coins Issuance Update

H3 Colored Coin Extension

H4 Uppercase

H4 Normal

H5 Yelena Mechenkova

On April, 1 Lykke was honored to host a seminar Blockchains and Smart Contracts by Nick Szabo who is considered to be one of the pioneers of Bitcoin.

In principle, it would be possible to further simplify the trading client, by only letting it communicate with the exchange and not connecting to the distributed ledger. This slightly reduces the risk of attacks, as there is one less communication channel to the outside. But it the trader would have to rely completely on the data it gets from the exchange and would not be able to independently verify transactions any more.

“The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users.”

— Satoshi Nakamoto, July 2010
Figure 1: Software Architecture Basics




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