#ethereum Falls Back to Earth. Can it Re-ascend?
▻https://hackernoon.com/ethereum-falls-back-to-earth-can-it-re-ascend-8410cf96b1de?source=rss---
A Long Way Down from the Ethereal RealmOverviewEthereum’s fall from grace this year is a poorly guarded secret within the broader crypto and finance communities. The decline in Initial Coin Offerings’ popularity is one obvious factor, but of pertinence has been Ethereum’s proven inability to process transactions across its network in an efficient manner. In this post, I explore Ethereum transaction costs using data made available via Google Bigquery. This writeup assumes a basic understanding of the mechanics of proof-of-work blockchains (the core innovation upon which Ethereum and Bitcoin are based) and SQL. The ease with which one can track recent scalability inefficiencies across the Ethereum network offers a compelling test case in favor of #blockchain’s promise of facilitating a more (...)
]]>Unveiling #blockchain’s full Potential
▻https://hackernoon.com/unveiling-blockchains-full-potential-784519610708?source=rss----3a8144ea
Unveiling Blockchain’s full Potential — A new Era of Internet Protocols and ApplicationsWhat you can expect from the read:Introduction to cryptoeconomic mechanism design, a new art of designing protocols next to cryptography or machine learning, including what it is and what is the rationality, and how you can leverage it in your own applications and protocolsA discussion why Blockchain is the missing technological piece to harness cryptoeconomic mechanisms in Internet applications and servicesTwo example HTTP protocols showcasing the power and practicabilitySummary of future emerging killer applications resulting from the application of cryptoeconomicscourtesy of Kristina FlourCryptoeconomic mechanism designing is the true ingenuity of Blockchain. In this article we explore the (...)
#cryptoeconomics #future-internet #mechanism-design #technology
]]>#wtf is Zero-Knowledge Proof
▻https://hackernoon.com/wtf-is-zero-knowledge-proof-be5b49735f27?source=rss----3a8144eabfe3---4
Yet another “WTF” post, in the previous post we talked about #blockchain’s DApp. In this article, I try to explain the mysterious Zero-Knowledge Proof and its current applicationZero-Knowledge Proof, or Zero-Knowledge Protocol, is a probabilistic-based verification method that includes “fact-like statements” and “statements about personal knowledge”. The verifier asks the prover based on certain randomness. If the correct answer is given, the prover has a high probability of possessing what he claims to be “knowledge.” Zero-Knowledge Proof can verify that you did spend the money without revealing which currency was spent.Being able to answer a question of “Does a user have enough money to send to another user” without knowing who the user is, or exactly how much they have, is one of the primary (...)
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