A couple weeks ago, I interviewed Myles Snider about EOS. My role in the conversation: EOS skeptic. Over and over, the question “is EOS decentralized enough” came up, but nobody could define “decentralized enough.” I felt myself getting frustrated and remembered what Joey Krug said when I asked him the same question: “I don’t know how many block producers is enough but 21 [the number of EOS block producers] is definitely not.”
Vitalik, Zoë and Glen just published a paper in which they propose a mechanism and philosophy for a self-organising decentralised ecosystem of public goods. It's a wild ride, and I'll go over the key points to encourage further discussion in Status.
The below is a deep dive into the technology powering instant settlement at sparkswap, a new way to trade cryptocurrencies without depositing assets on an exchange. It is a technical article, and it is recommended that readers be familiar with the Lightning Network and Atomic Cross-chain Swaps.
Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals.
Gemini USDG is a new centralized stablecoin (similar to Tether) implemented as an ERC20 token on the Ethereum blockchain.
The current implementation gives Gemini the ability to freeze any account or make all tokens non-transferrable. The custodian is able to completely change the implementation of the token every 48 hours.
In this article, we review the code of the smart contract and show how to reproduce the results.
Crypto is a new computing paradigm, poised to create more disruption and wealth creation in the next 20 years, then the internet has in the last 20. The question I face as a VC is who is going to capture that massive wealth creation? The wealth creation can either go largely to the five incumbents who have captured the majority of tech wealth creation over the last five years, or to the new entrants, aka the crypto natives. In this post I’m going to 1) define what I mean by crypto, 2) highlight the strengths and weaknesses of the two warring factions, and 3) state the factors that will decide the coming epic battle for capturing the future wealth generation of crypto.