Turing Award winner Silvio Micali shares insights on future of blockchain
The 2nd Summit of ZJU Blockchain Research Institute was held on September 16. Silvio Micali, MIT Professor and ACM Turing Award recipient, delivered an impressive lecture on technological challenges and future prospects of blockchain.
"There also exists the classical 'trilemma' in blockchain: decentralization, scalability and security. There has been some practice in decentralization and scalability, but only if the whole system is secure will blockchain become valuable," said Micali. As the founder of Algorand, he believes its novel technique of cryptographic self-selection solves the trilemma.
Silvio Micali joined MIT in 1983, where he is Ford Professor of Engineering. He is the recipient of the Turing Award (in computer science), the Gödel Prize (in theoretical computer science) and the RSA Prize (in cryptography), and is a member of the American National Academy of Sciences, the American National Academy of Engineering, and the American Academy of Arts and Sciences.