Karl Floersch

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 incentives are aligned, trust can be established. With cryptoeconomics we design decentralized protocols which precisely

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. With cheap flights, Airbnb, and widespread internet access we will likely see a rise in

[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 send(s.address, dividend) This is not practical when the number of shareholders is large

Bitcoin has catchy slogans like digital gold and internet money, but what is Ethereum? Sometimes it’s called the world computer. But what in the world is a "world computer"? Without having to take a course in computer science, here is a straightforward explanation of what Ethereum really