5 Must Read Crypto Articles
Week 3｜Written by Lukas Schor of Argon Group
EEvery day we are picking and recommending one high-quality reading from various topics within the crypto-industry, and sharing it on Twitter. We aim to provide a resource of timeless pieces that are valuable and informative. This week includes articles from the following fields:
- Delegated Proof-of-Stake
- Blockchain for businesses
- The real innovation(s) behind blockchain
- Blockchain as a solution to major problems of our time
- Critics on projects without value-add
“Understanding Blockchain Fundamentals, Part 3: Delegated Proof of Stake” by Georgios Konstantopoulos
A while ago, we talked about how consensus works and went over the basics of Proof of Work (PoW) and Proof of Stake…medium.com
Just as most of us wrapped our minds around Proof-of-Work and Proof-of-Stake, new consensus algorithms seem to emerge on a monthly basis (Proof-of-Authority, Proof-of-Space, Proof-of-Time, etc.). One of the more prominent new governance mechanisms is delegated Proof-of-Stake or dPoS, a variant of Proof-of-Stake that provides a high level of scalability at the cost of limiting the number of validators on the network.
“Blockchain vs. Distributed Ledger Technologies” by ConsenSys
Part 1 of a comparative analysis between Ethereum, Hyperledger Fabric and R3 Cordamedia.consensys.net
Consensys paints a picture of the current platform landscape for businesses looking to tamper around with blockchain and distributed ledger technologies. Be warned: This article is very technical and lengthy.
Werbach argues that there is not just a crypto phenomenon currently taking place. There are three. These grow from the same roots but seek something very different.
There is cryptocurrency: the idea that networks can securely transfer value without central points of control. Then there is blockchain: the idea that networks can collectively reach consensus about information across trust boundaries. And finally there are cryptoassets: the idea that virtual currencies can be “financialized” into tradable assets.
“Liberation Through Radical Decentralization” by Vitalik Buterin and Glen Weyl
Wealthy societies around the world are facing a growing crisis of confidence in established authorities. Stagnating economies, mounting inequality, political corruption and the increasing monopolization of technology for the benefit of elites have provoked a populist backlash. Buterin and Weyl are hopeful that some combination of blockchain and Radical Markets technologies can make an important contribution towards a more free, open and cooperative world in the 21st century.
“Crypto-Keynesian Lunacy” by Jimmy Song
My article on smart contracts has had quite a reaction, much like the blockchain article before it. I’ve had a lot of…medium.com
Song makes the case why most ICO project do not actually add any value to society, despite increased development activity. Specifically, three common fallacies are discussed that are often used by communities to argument for the value-add a specific project creates.
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Written by: Lukas Schor of Argon Groupmedium.com