How overlay networks and reconstructed nodes can help blockchains scale, harden security, improve data privacy, and decentralize.
Generating real value beyond financial system.
Tezos allows token holders to transfer (“delegate”) validation rights to other token holders without transferring ownership. This has led many observers to confuse Tezos’ consensus mechanism with the delegated proof-of-stake (“dPOS”) model specific to EOS or Lisk. In dPOS, election of a fixed set of Block Producers (i.e. delegates) is required for network consensus. In Tezos, delegation is optional.
In the wake of the recent and most (in)significant push to change Bitcoin’s Proof-of-Work, I thought it would be a good opportunity to score some more brownie points from the community by laying it to rest. I’m going to discuss the more broader topic of hardware specialization (“ASIC Resistance”), the technical and logical flaws in trying to resist specialized hardware, some history around this, and then I’ll touch on what I hope to be a short lived (and fishy) motion for a Proof-of-Work algorithm change that nobody wants besides two and a half people.
Here we examine a few different models and analyze essential factors of successful stablecoins. In this post, we will explore three important classifications of stablecoin. The basis of each type has fundamentally different underlying principles, and they contain very different levels of risk. Particularly when exposed to extreme market fluctuations, negative investor sentiment, geopolitical instability, or the failure of centralized custodians.