...by Daniel Szego
"Simplicity is the ultimate sophistication."
Leonardo da Vinci

Thursday, July 26, 2018

Blockchain and evolutionary algorithms

From a conceptual perspective a blockchain can be regarded as a kind of a evolutionary algorithm, which is driven indirectly by market forces. The genesis block might contain something as a set of initial variables, which we can regard as a the initial population. The population is reproduced in each round with the help of different market factors and human interactions. The variables might have new values, they might recombine different values to new ones, and even brand new variables can appear as well, mimicking a little bit something as recombination or mutation. Certainly, it is questionable if clear algorithms can be imagined for representing something with a genotype or a fenotype. One such an example is the cryptokitties, where actually both mutation and recombination are defined in a clearly specified way, however they might be not the only application that can be regarded as blockchain based market evolution.