The Power Projection Tool

Paparo testified before Congress on April 21 in response to Senator Tommy Tuberville (R-AR), who asked how leadership in Bitcoin might affect U.S. leverage, resilience, and deterrence in competition with China.

“Our research into Bitcoin is as a computer science tool,” Paparo said. 

“It’s the combination of cryptography, a blockchain, and a proof of work. And Bitcoin shows incredible potential as a computer science tool,” he added.

Moreover, Paparo said Bitcoin’s proof-of-work system can impose real-world costs beyond traditional network security measures. 

Beyond The Economic Use Case

The admiral emphasized applications “outside of the economic…

Read more on Benzinga