Century

[Mirror] A Proof of Stake Design Philosophy

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Time Stamp: February 2, 2024 10:55 AM - Modified On: February 2, 2024 - Published By:
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Republished By Plato

Vitalik Buterin via the Vitalik Buterin Blog This is a mirror of the post at https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51 Systems like Ethereum (and Bitcoin, and NXT, and Bitshares, etc) are a fundamentally new class of cryptoeconomic organisms — decentralized, jurisdictionless entities that exist entirely in cyberspace, maintained by a combination of cryptography, economics and social consensus. They are kind of like BitTorrent, but they are also not like BitTorrent, as BitTorrent has no concept of state — a distinction that turns out to be crucially important. They are sometimes described as decentralized autonomous

Government Blockchain Association (GBA) Releases Voting Solution Assessment Model

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Time Stamp: October 20, 2023 7:17 AM - Modified On: October 20, 2023 - Published By:
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  Washington, DC, September 19 — The Government Blockchain Association (GBA) announces the release of the Blockchain Maturity Model (BMM) Voting Supplement. "The Voting Supplement is a critical resource for governments, organizations, and developers worldwide, providing a comprehensive framework to ensure the privacy, security, and integrity of voting systems," said Susan Eustis, Chair of the GBA Voting Working Group. "Its scope extends beyond government elections, making it applicable businesses, associations and other forms of governance, enhancing trust in democratic outcomes." The supplement is a roadmap for developers and administrators seeking

Bitcoin Batteries

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Time Stamp: September 14, 2022 2:07 AM - Modified On: September 14, 2022 - Published By:
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In the late 19th Century, a war of great minds was waged in the US between Nikola Tesla and Thomas Edison that would shape the way electricity was delivered throughout the world. Edison proposed using direct current (DC), whereas Tesla favored alternating current (AC), proving that it was far more efficient. Their battle was more than just competing ideologies, it was also a fight between commerce and banks. Edison was backed by J.P.Morgan, the most powerful banker in the US, whereas Tesla was backed by entrepreneur George Westinghouse Jr. Dirty