This week we take a break from the difficult computer technology elements of BSV to one which has more interest basic society as a whole– the issue of settling on the timing or sequencing of occasions or actions.

Take one minute to think about the number of things include understanding the specific order of occasions to guarantee appropriate operation– from airplane control to insurance coverage claims, mishap reports, legal actions, automobile maintenance, medical treatments to the logistics of providing sushi all over the world. Much depends on understanding when things are delivered, scanned, marked, processed, provided, injected or taken in. Much of our everyday society depends on keeping excellent records, and the most essential part of keeping records is making sure that they have precise timestamps.

This is a tiresome job, and though error-prone the existing techniques are, they work all right such that our society manages well adequate. We have things like computer systems to keep track of time (picture the world prior to an internationally integrated idea of time!), digital signatures, identity and permission procedures to guarantee that there is ‘sign off’ at each point where records are made, such that mistakes in the records can be examined and the fact determined if required. Even as excellent as our present systems are, there are times throughout enormously arranged occasions including millions when even our finest innovation stops working to keep things in order.

We just recently saw proof of this throughout the current U.S. election. Whether you think the election was reasonable or not, it is undeniable that the election experienced extensive problems in regards to citizen registration, mail in votes, and vote counting. A lot pertains to the timing or when votes might be counted versus when they were sent, which is an issue intensified with the huge quantity of mail-in votes. There are simply a lot of things that might fail with a mail-in tally when the input of the citizen simply can not be plainly identified. In a lot of these cases, the vote either needs to be thrown away, or the ballot station supervisor needs to make a judgment call. You can see how putting this much power in the hands of a couple of individuals might result in issues of trust, and even corruption. This is among those times when a worldwide available, public blockchain might be utilized to guarantee that just signed up citizens are the only ones that can cast a vote, which the time of the vote can be confirmed.

The easy job of taping an occasion with a worldwide integrated timestamp suffices to show whether the vote was cast at a time that was suitable for the citizen, in addition to a digital signature that is difficult to create. With using the blockchain as a proof path and journal, it would be an attainable job to have auditable election records, making elections more credible and responsible.

This is simply one possible application of utilizing the blockchain as a timestamped record. The important things that makes this record helpful is that it takes a tested quantity of operate in order to compose the records, implying that as long as the records are of lessor worth than the quantity of work required to compose the records, it is safe to presume that the records are genuine. This is just for confirming records if one was not around when the record was composed in the very first location.

BSV as a universal clock

BSV is a universal clock, running forward about 10 minutes every tick. Similar to UTC, it is a time basic, by which whatever can be based versus. Time, obviously, is relative, however having actually a repaired referral point works in order to determine the order in which things are happening. UTC, like any other timezone, is a relative point. It represents when a particular longitudinal point on the earth passes the closest point relative to our star in any offered rotation of our world. As quickly as you begin to desire to track things which are extraterrestrial to our world, you quickly recognize how troublesome utilizing a time system based on the mechanics of our world spinning around our sun might be.

The advantage about blockchain time is the truth that it is adjusted to the time a particular occasion specifically when a block is discovered and when any specific observer node was alerted of the block. This concept of time is a lot more helpful for tracking things on an interstellar scale, as any concept of simultaneous time loses energy once we get to ranges in which the speed of light takes a considerable quantity of time to reach all observers.

In a sense, BSV is quite like an everlasting clock, continuously running forward. One might possibly envision a time in the extremely far future when humankind periods a number of galaxy. In this circumstance, it makes more sense to determine regional time in something that can be merely utilized in your area as it has universal significance to all regional observers. It is just a tick that takes place every 10 minutes approximately. Utilizing this system, a future civilization would have the ability to compute how far back in time something happened on world earth, relative to their own time.

In a sense, it is not quite unlike our existing date system, just that the present system is based upon a seemingly approximate occasion that marked the year 0 (date), and the death of 24 h cycles from that day onwards. Utilizing this universal heart beat, we might begin to track the occasions that occur on this little ball of rock we call house, with the certainty that as long as we do not get to relativistic speeds or ranges, that the entire world can settle on when things in fact take place relative to each other.

I hope that this post has actually gotten you all to begin to consider the greater level uses of BSV, and the development of having a universal time system that does not depend upon the geographical requirements of our world (its spin rate, place in its orbit or specific put on it called Greenwich). As we begin to consider what a time basic may be functional for an interstellar civilization that covers worlds separated by relativistic ranges, we begin to understand how ridiculous a time basic that depends upon a specific world circling around a specific star in the galaxy actually is. Rather, a spacefaring civilization might utilize various ‘timezones’ which have their own blockchain which tapes occasions in blocks, with recognized conversions or sync points in between several regional group blockchains.

At the end of the day, the objective of at any time requirement is to merely guarantee that we understand when things occur, relative to each other, which is precisely what a blockchain like BSV achieves. Maybe one day ‘star dates’ like the kind utilized on Star Trek might be utilized which merely describe the most current block height of the BSV blockchain.

New to Bitcoin? Take a look at CoinGeek’s Bitcoin for Beginners area, the supreme resource guide for more information about Bitcoin– as initially imagined by Satoshi Nakamoto– and blockchain.


Please enter your comment!
Please enter your name here