Better than blockchain

Aug 29, 2017

(Cancelled) Now accepting “Grant-Lending” Contributions for Trust-Ledger-Prototype

Edit: This fundraising effort has been cancelled. I intend to start another fundraising effort on an actual fundraising platform, to support a range of potential digital accounting…

Derek McDaniel

Feb 15, 2017

Who needs a blockchain, when you can have blocktrees?

Bitcoin is lauded for being decentralized, which is one of its important features. The network has no central point of failure. But from an information perspective, bitcoin is centralized. All transactions must go into a single…

Derek McDaniel

Nov 18, 2016

What is a replication standard and how does it work?

Each trust-ledger community must establish two important norms:

A replication standard.
A conflict resolution standard.

Blockchain: Is there an alternative?

When I first learned how bitcoin's blockchain works(~2012), I thought it was pretty clever. I had already leaned the details of public key cryptography, so I understood how one could use cryptographic identities to sign messages in a way that can be publicly…

Derek McDaniel

Jul 22, 2016

Why Trust-Ledger Is Important

Trust-ledger is a cryptocurrency framework I am developing to demonstrate a better alternative to Blockchain tech. Trust-ledger uses distributed trust, where history of cryptographic actions establishes reputation and is used to socially enforce proper resolution of…

Proof of Work is Terrible

Proof of work is an elegant solution to a straightforward yet challenging problem: distributed consensus with a secure cryptographic receipt.

Most challenges of distributed cryptocurrencies are solved by public key cryptography. Thanks to public key…