This is a guest blog post co-authored by Julian Koh & Cheryl Sew Hoy and originally appeared on The New Stack on May 2, 2019

Bitcoin and other early cryptocurrencies were not Turing-complete by design, and could only execute a small set of operations that were specific to the goals of each blockchain. This led to Ethereum, which as described by Vitalik Buterin, arose from a desire to expand the functionalities of blockchains by building a general-purpose “World Computer.”

Fast-forward to today, we have seen many different designs of blockchains — innovating on different aspects ranging from privacy to scalability…

Co-authored by Julian Koh & Cheryl Sew Hoy

Blockchain consensus was one of the most heavily discussed sub-fields of blockchains throughout 2017 and 2018. We saw a bunch of companies try to compete with Ethereum by building new smart contract platforms from scratch, where the main differentiator/innovation was the consensus algorithm underlying these blockchains. Trying to understand these algorithms and being able to critically compare them was a full-time job for many crypto investors — they are by no means simple to grasp. There have been many efforts to demystify these magic ‘consensus algorithms’, but many of these still end…

Cheryl Sew Hoy

EIR @ SVB, Advisor @ Tendermint (Cosmos Network). CoFounded #MovingForward. Formerly: CMO Hack Reactor, Founding CEO MaGIC & ReclipIt (Walmart Labs)

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