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A Guide to 99% Fault Tolerant Consensus

Special thanks to Emin Gun Sirer for review We’ve heard for a long time that it’s possible to achieve consensus with 50% fault tolerance in a synchronous network where messages broadcasted by any honest node are guaranteed to be received by all other honest nodes within some known time period (if an attacker has more than 50%, they can perform a “51% attack”, and there’s an analogue of this for any algorithm of this type). дальше »

2018-8-9 04:03


Can IOTA (MIOTA) Compete With Ethereum Classic (ETC) To Capture IOT (Internet Of Things) Market?

Most cryptocurrencies including IOTA (MIOTA) are now close to a trend reversal as can be seen on the IOTA/USD daily chart above and investors are looking to load up on their favorite coins. The chart above shows that IOTA (MIOTA) has respected a historical support line for IOTA/USD since it started trading on Bitfinex, before July 2017. дальше »

2018-7-31 21:30


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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way. дальше »

2018-7-21 23:03