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Engineering Security Through Coordination Problems

Time Stamp: February 20, 2024 1:18 PM - Modified On: February 20, 2024 - Published By:

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Recently, there was a small spat between the Core and Unlimited factions of the Bitcoin community, a spat which represents perhaps the fiftieth time the same theme was debated, but which is nonetheless interesting because of how it highlights a very subtle philosophical point about how blockchains work. ViaBTC, a mining pool that favors Unlimited, tweeted "hashpower is law", a usual talking point for the Unlimited side, which believes that miners have, and should have, a very large role in the governance of Bitcoin, the usual argument for this being

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

[Mirror] Zk-SNARKs: Under the Hood

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Time Stamp: February 2, 2024 11:10 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/zk-snarks-under-the-hood-b33151a013f6 This is the third part of a series of articles explaining how the technology behind zk-SNARKs works; the previous articles on quadratic arithmetic programs and elliptic curve pairings are required reading, and this article will assume knowledge of both concepts. Basic knowledge of what zk-SNARKs are and what they do is also assumed. See also Christian Reitwiessner's article here for another technical introduction. In the previous articles, we introduced the quadratic arithmetic program, a

Dynamic Rewards Unleashed

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Time Stamp: June 1, 2023 1:06 PM - Modified On: June 1, 2023 - Published By:

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Republished By Plato

Following weeks of preparation and hard work, we’re incredibly excited to open the Paribus Mainnet v1 tomorrow. This marks the welcome return of our protocol and heralds the beginning of our rewards program. For those who participated in our staking program, the concept behind the rewards program will be simple to understand. We’ve allocated 100 million PBX tokens to be issued as rewards to borrowers on the platform. This concept is even more exciting because the rewards are scheduled to be released evenly across every block and are anticipated to

Paribus. Trust Less.

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Time Stamp: May 3, 2023 4:37 AM - Modified On: May 3, 2023 - Published By:

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Republished By Plato

One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

These are the new cryptocurrencies to keep an eye on in 2022

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Time Stamp: August 29, 2022 3:56 PM - Modified On: February 26, 2024 - Published By:

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Republished By Plato

As cryptocurrencies become more mainstream, new cryptocurrencies are popping up on the market every day. 2021 has already been an extremely successful year for cryptocurrencies and once again proved that they are not a dream bubble to be laughed at. There are currently a lot of new cryptocurrencies that are on their way onto the market. Which ones were really worth investing in? Of course, you can only find out about this and more from us. 1. Lucky Block (LBLOCK) Lucky Block could almost be described as an unlicensed casino

Why is it worth following the trends in the gambling industry?

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Time Stamp: May 9, 2022 1:47 PM - Modified On: February 26, 2024 - Published By:

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Republished By Plato

Gambling is not really a new thing, but it has changed a lot over the years. Today, gambling is largely done online, which has also had a great impact on the entire industry. The industry today has the same trends just like any other industry. But why are these trends also interesting to those who do not necessarily have anything to do with the gambling industry? There are of course many different reasons for this, as you will soon discover. So let's find out why following these trends can be

[Mirror] Zk-SNARKs: Under the Hood

Paribus. Trust Less.

These are the new cryptocurrencies to keep an eye on in 2022

Why is it worth following the trends in the gambling industry?

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