Cryptocurrency

Gav’s Ethereum ÐΞV Update II

Well... what a busy two weeks. I thought it about time to make another update for any of you who might be interested in how we're doing. If you don't already know, I'm Gavin, a founder of Ethereum and one of the three directors (alongside Vitalik and J...
Cryptocurrency

Scalability, Part 2: Hypercubes

Special thanks to Vlad Zamfir, Chris Barnett and Dominic Williams for ideas and inspiration In a recent blog post I outlined some partial solutions to scalability, all of which fit into the umbrella of Ethereum 1.0 as it stands. Specialized micropayme...
Cryptocurrency

Scalability, Part 1: Building on Top

Over the next few weeks, I am going to make a series of posts that is going to be a large overview of the possibilities for scalability of Ethereum, intending to create a precise understanding of the problems at bay in implementing a scalable cryptocur...
Cryptocurrency

crypto renaissance

“The best way to predict the future is to invent it.” Alan Kay January 3rd 2009 marked the beginning of a new era. The invention of the blockchain is a milestone in technology -- the string of characters 36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 being just o...
Cryptocurrency

Software and Bounded Rationality

One of the key properties that is usually sought for in a cryptoeconomic algorithm, whether a blockchain consensus algorithm such a proof of work or proof of stake, a reputation system or a trading process for something like data transmission or file s...
Cryptocurrency

State of Ethereum: August Edition

Development of Ethereum has been progressing increasingly quickly this past month. The release of PoC5 ("proof of concept five") last month the day before the sale marked an important event for the project, as for the first time we had two clients, one...
Cryptocurrency

An Introduction to Futarchy

One of the more interesting long-term practical benefits of the technology and concept behind decentralized autonomous organizations is that DAOs allow us to very quickly prototype and experiment with an aspect of our social interactions that is so far...
Cryptocurrency

Ether Sale: A Statistical Overview

The first two weeks of the ether sale are over, and we have to date received over 25000 BTC from selling over 50 million ETH. This marks the largest cryptographic token sale to date, and with the two endowments places ETH as being the token with the 8t...
Cryptocurrency

Ether Purchase Troubleshooting

Although we hope that the ether purchasing experience goes smoothly for everyone, we recognize that there will always be situations where things do not quite go as planned. Perhaps your internet connection dies in the middle of your purchase. Perhaps y...
Cryptocurrency

Launching the Ether Sale

First of all, I would like to thank the community, and especially those close to the project who have in many cases abandoned their jobs to dedicate their time to it, for their extreme patience regarding the launch of the ether sale. We have been promi...
Cryptocurrency

Ethereum and Oracles

One of the more popular proposals for implementing smart contracts differently from the way they are typically presented in Ethereum is through the concept of oracles. Essentially, instead of a long-running contract being run directly on the blockchain...
Cryptocurrency

Toward a 12-second Block Time

One of the annoyances of the blockchain as a decentralized platform is the sheer length of delay before a transaction gets finalized. One confirmation in the Bitcoin network takes ten minutes on average, but in reality due to statistical effects when o...
Cryptocurrency

On Stake

The topic of mining centralization has been a very important one over the past few weeks. GHASH.io, the Bitcoin network's largest mining pool, has for the past month directed over 40% of the Bitcoin network's hashpower, and two weeks ago briefly spiked...
Cryptocurrency

On Mining

Decentralization, n. The security assumption that a nineteen year old in Hangzhou and someone who is maybe in the UK, and maybe not, have not yet decided to collude with each other. There has been a large amount of ruckus in the past week about the is...
Cryptocurrency

Ethereum Project Update

Development of the Ethereum project has gone very well over the months since inception.  The core activity — development of the software platform — is on track and many developers around the world are starting to build small, exploratory distributed ap...
Cryptocurrency