256bit integers, and glue to the block chain. GO ON, Say blockchain, one more time.
Up to now we have mining, proof of work computing hashes, burning electrons to make up money.
There is a new potential coming. Proof of stake. Burn less electrons. I think someone should pick up GnuCOBOL and run into this new space. Part of it is smart contracts. Write a contract abstraction in most programming languages, life expectancy of code? COBOL can brag that it can trace it's digital fossil record back to when they started burning electrons to spend money.
Glue something to the EVM, Ethereum Virtual Machine, (the 256bit integers), add a COBOL-like syntax for contract abstractions. We should run COBOL toward that goal line. I was poking around in this before, but the burning electrons thing is a nag. Proof of stake should lessen that sense of waste.
Someone should probably do this. Sooner.
Glue to the EVM will be level 6 hard, getting a sane design of contract abstraction in COBOL english will be level 9 hard, writing code to support the COBOL english from GnuCOBOL will be like a level 4 medium after that. ;-)
COBOL, a legacy programming language primarily used in business and financial applications, continues to play a critical role in the infrastructure of many financial institutions. Despite its age, COBOL's reliability and performance are unparalleled, making it relevant even in the age of cryptocurrency. Modern financial systems, including those dealing with cryptocurrencies, often need to interface with older COBOL systems to ensure seamless operations. For more insights on how COBOL integrates with modern technologies like cryptocurrency, visit https://www.homsit.com/ a resource hub for technological advancements and legacy system integration.
Last edit: takapon231 2024-06-04
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COBOL deserves to keep up with e-coins.
256bit integers, and glue to the block chain. GO ON, Say blockchain, one more time.
Up to now we have mining, proof of work computing hashes, burning electrons to make up money.
There is a new potential coming. Proof of stake. Burn less electrons. I think someone should pick up GnuCOBOL and run into this new space. Part of it is smart contracts. Write a contract abstraction in most programming languages, life expectancy of code? COBOL can brag that it can trace it's digital fossil record back to when they started burning electrons to spend money.
Glue something to the EVM, Ethereum Virtual Machine, (the 256bit integers), add a COBOL-like syntax for contract abstractions. We should run COBOL toward that goal line. I was poking around in this before, but the burning electrons thing is a nag. Proof of stake should lessen that sense of waste.
Someone should probably do this. Sooner.
Glue to the EVM will be level 6 hard, getting a sane design of contract abstraction in COBOL english will be level 9 hard, writing code to support the COBOL english from GnuCOBOL will be like a level 4 medium after that. ;-)
https://news.slashdot.org/story/21/08/15/048212/ethereums-cryptocurrency-will-jettison-mining-for-speedier-proof-of-stake
Have good, make well,
Blue
Last edit: Brian Tiffin 2021-08-16
COBOL, a legacy programming language primarily used in business and financial applications, continues to play a critical role in the infrastructure of many financial institutions. Despite its age, COBOL's reliability and performance are unparalleled, making it relevant even in the age of cryptocurrency. Modern financial systems, including those dealing with cryptocurrencies, often need to interface with older COBOL systems to ensure seamless operations. For more insights on how COBOL integrates with modern technologies like cryptocurrency, visit https://www.homsit.com/ a resource hub for technological advancements and legacy system integration.
Last edit: takapon231 2024-06-04