A key to decentralization is imposing constraints on authority. Constraints are used to limit undesired actions of agents in a system forcing them to engage in constructive behavior. When all agents are constrained such that…
This is first pass at a full specification for a Plasma Cash chain. Super special thanks to Vitalik for making this post possible. And a big thanks to Joseph Poon ❤️ -- plus love to David…
It's unclear how governments will integrate with blockchains. Historically, governments have gained much of their power through land ownership secured by force. However, as humanity ventures further into the virtual, physical land ownership loses importance.…
[Cover Image Source] Distributing dividends via smart contracts is difficult with a large number of shareholders. A naive implementation could look something like this: for s in shareholders: dividend = s.shares/total_shares * total_dividends…
What is "commit-reveal"? To understand how the commit-reveal commitment scheme works, it is useful to break it down into it's two component parts: Commit: You assert your choice to your peers. Reveal: You reveal your…
