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BCH Upgrade Debate Continues — Bitcoin Unlimited Reveals Fork Strategy

On August 21 Bitcoin Unlimited’s lead developer Andrew Stone wrote a proposal which outlined a strategy for the upcoming November hard fork. Stone explains that there are two changesets proposed by two different full node clients and Bitcoin Unlimited (BU) plans to implement consensus changes from both organizations, allowing participants the ability to vote for […] The post BCH Upgrade Debate Continues — Bitcoin Unlimited Reveals Fork Strategy appeared first on Bitcoin News. дальше »

2018-8-23 19:45


A Guide to 99% Fault Tolerant Consensus

Special thanks to Emin Gun Sirer for review We’ve heard for a long time that it’s possible to achieve consensus with 50% fault tolerance in a synchronous network where messages broadcasted by any honest node are guaranteed to be received by all other honest nodes within some known time period (if an attacker has more than 50%, they can perform a “51% attack”, and there’s an analogue of this for any algorithm of this type). дальше »

2018-8-9 04:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place. дальше »

2018-7-21 23:03


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