Archive for February, 2014
Safe merged-mining and the Bitcoin’s Karma
Posted by SDLerner in Uncategorized on February 20, 2014
In this post I will depart shortly from my classical technical viewpoint and enter the quicksands of opinions. But I’ll come back, don’t worry. The idea of the proof-of-work powered block-chain, while powerful, has lead us to a situation where many people sees Bitcoin mining as a wasteful and vicious activity. Articles against Bitcoin mining […]
25-second irreversible confirmations for instant payments
Posted by SDLerner in Uncategorized on February 17, 2014
Recently there has been a race towards lower block intervals for PoW block-chain based cryptocurrencies. First there was Bitcoin with a 10 minute interval, then was LiteCoin using a 2.5 interval, then was DogeCoin with 1 minute, and then QuarkCoin with just 30 seconds. This reminds me a joke in a comedy movie where there […]
Changes in Ethereum scripting language
Posted by SDLerner in Uncategorized on February 5, 2014
Today I read that Ethereum is abandoning a crypto-rich instruction set in favor of a reduced generic instruction set. This shocked me, because I liked Ethereum instruction set design just as it was. The main argument given by VButerin is that this change makes the instruction set more compatible with future cryptographic algorithms, by preferring […]
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