Bitcoin's design draws inspiration from the three layers of a decentralized system, having a locked base protocol to minimize human corruption, prudent consensus rules, and unbounded scalability.
The implementation of secure GPS-, IoT-, IIoT-, and 5G-based communications remains challenging due to the lack of interoperable standards and their deployment across multiple vendors.
The Technical Standards Committee adds three new members and re-elected two previously engaged members. With these appointments, the TSC is well-positioned for its future tasks and challenges.
A thriving sector requires a balance between centralising agreements between rivals to increase efficiency, and competition to motivate innovation through the prospect of profits.
