Bitcoin has mining, Tezos has baking. In Bitcoin, miners compete to publish blocks containing a proof-of-work stamp by repeatedly hashing block headers. In Tezos…
tl;dr: Tezos allows token holders to transfer (“delegate”) validation rights to other token holders without transferring…
“Smart contracts aren’t legal contracts,” they say.
Futarchy, in a nutshell, is the governance technique of evaluating policies ex post while relying on a prediction market to determine the best policy ex ante.
The Tezos position paper explicitly mentions futarchy as a possible development for the governance…
In the interest of bringing some much-needed sanity to the discussion surrounding “blockchain technology” I have attempted to establish a functional nomenclature of cryptographic ledgers.
It’s impossible to walk around the distributed ledger landscape without encountering the idea of so-called “colored coins”. The purpose of this post is to clarify their nature, the motivation behind their invention, some of the issues associated with them, and the…
In which I outline, for different categories, what seems to me as reasonable, immediate, directions…
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