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Game theory and its application in Bitcoin: An IITPSA KZN Chapter Blockchain SIG Event, 29 June 2021
June 29, 2021 @ 16:30 - 17:30
Game theory and its application in Bitcoin: An IITPSA KZN Chapter Blockchain SIG Event, 29 June 2021
16h30 – 17h30
Game theory is a way of thinking about strategic interactions between self-interested actors. Bitcoin is well known for its use of cryptography and the immutable blockchain but game theory also plays a subtle but important part as it aligns the behaviour of the actors in the network so that they are incentivised to execute actions that benefit the whole network. This event will discuss the basic ideas behind game theory and, through a series of simple examples, it will introduce the audience to some of the major concepts. The behaviour of the actors in the bitcoin network are then examined to see how they align to these theoretical concepts.
Join John Singh, Senior Systems Analyst at the Spar Group LTD, who has been involved in software design and development for over 20 years. John has invested in cryptocurrency and spends much of his spare time researching the technology behind the blockchain. John has been a KZN Chapter committee member since 2017 and is currently also an IITPSA Board member. In 2019 he started an IITPSA Blockchain SIG in KZN because he is passionate about presenting Blockchain in a simple and understandable way so that individuals can make better decisions on how they wish to use the technology.
To register click here . Once registered, a password to join the event will be emailed to you.
