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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


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Bitcoin Green Introduces Less-Polluting ‘Proof-of-Stake’ Crypto Infrastructure

The soaring cryptocurrency prices in 2017 were enough incentive for people to start mining digital coins on their own. However, it soon became apparent to those who did not alrady know that mining is a very energy-intensive activity and is a big contributor to the pollution problem facing the planet. дальше »

2018-8-6 16:00


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Expert Claims That Bitcoin Will Rise 6000% In 6 Years, Seriously

As Bitcoin starts to retreat and as the markets start to balance, we may all start to be feeling a little less optimistic about a potential looming bull run. We do know that this is mostly likely down to the SEC decision to reject the Winklevoss application for a Bitcoin ETF but regardless of what’s caused it, it’s happening and unfortunately, there’s not a lot we can do about it at present. дальше »

2018-7-27 16:00


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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


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Jason Attar Takes Cryptocurrency to the Big Screen in New Mockumentary

Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches. дальше »

2018-6-11 22:31