Mechanism Labs

Introduction to Blockchain through Cryptoeconomics, Part 2: Proof of Work and Nakamoto Consensus

This is part two of an introductory series about the cryptoeconomic incentive systems that underlie different blockchain protocols and emerging research questions in…

Cryptographic Adversaries in Classical and Nakamoto Consensus: Part 1, Overview

Imagine we lived in a…

Synchrony and Timing Assumptions in Consensus Algorithms Used in Proof of Stake Blockchains

Randomness in Blockchains (Part 1)

Randomness exists all around us. Concepts of luck, probability and fate have all historically been intertwined with the concept of randomness. Everything that humans don’t understand or can’t predict tends to be classified as such. We’re also physically engulfed in a…

Mechanism Labs: The World’s First Open Source Research Lab