happens

Hard Forks, Soft Forks, Defaults and Coercion

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Time Stamp: February 20, 2024 1:15 PM - Modified On: February 20, 2024 - Published By:
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Republished By Plato

One of the important arguments in the blockchain space is that of whether hard forks or soft forks are the preferred protocol upgrade mechanism. The basic difference between the two is that soft forks change the rules of a protocol by strictly reducing the set of transactions that is valid, so nodes following the old rules will still get on the new chain (provided that the majority of miners/validators implements the fork), whereas hard forks allow previously invalid transactions and blocks to become valid, so clients must upgrade their clients

A Note On Charity Through Marginal Price Discrimination

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Time Stamp: February 2, 2024 11:17 AM - Modified On: February 2, 2024 - Published By:
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Vitalik Buterin via the Vitalik Buterin Blog Updated 2018-07-28. See end note. The following is an interesting idea that I had two years ago that I personally believe has promise and could be easily implemented in the context of a blockchain ecosystem, though if desired it could certainly also be implemented with more traditional technologies (blockchains would help get the scheme network effects by putting the core logic on a more neutral platform). Suppose that you are a restaurant selling sandwiches, and you ordinarily sell sandwiches for $7.50. Why did

[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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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

The Collision of Titans: AI and Web3

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Time Stamp: September 4, 2023 12:28 PM - Modified On: September 4, 2023 - Published By:
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Over the past decade, two titans have emerged from the tech realm, each promising to redefine the very fabric of our global infrastructure - Artificial Intelligence (AI) and Web3. But what happens when these two forces converge? Are we on the brink of a new digital renaissance or a potentially uncharted dystopia? Consider this: AI is, at its core, the embodiment of advanced logic and decision-making, a machine's ability to "think" and process information in ways eerily similar to humans. It's no longer just about algorithms; it's about creating synthetic

Beyond the Dollar

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Time Stamp: April 27, 2023 6:36 AM - Modified On: April 27, 2023 - Published By:
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The global economy is at a crossroads with the US dollar’s future as the world reserve currency facing fresh challenges. For decades, the stability and dominance of the dollar have given the United States significant advantages in global trade, investment, and geopolitical influence. However, as emerging economies like China and India rise in prominence, their currencies are gaining traction in international transactions, challenging the dollar’s hegemony. China, in particular, has been busy over the past few months, actively promoting the Yuan and seeking to challenge US dominance in the global

Relive Your Memories in The Metaverse

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Time Stamp: July 26, 2022 6:55 AM - Modified On: July 26, 2022 - Published By:
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By now I’m sure everyone has heard of the fantasy of time travel but what if I could tell you that we can make that fantasy a reality, in Virtual Reality that is! Introducing Reflect An invention created by Milan Cheeks, Alan Charity, and SELF Labs Inc, Reflect Is a Simulation game based on the principles of memory. Relive your memories in the Metaverse by minting it as an NFT. By owning a Reflect Mint Pass you can get your memory created into an interactive world populated with AI Reflection