Infinitely Scalable and Private Digital Cash
How to securely send cryptocurrencies without an internet connection and no fees.
The Ideal Cryptocurrency
This article explores the properties of an ideal cryptocurrency and compares it to Bitcoin
Decentralizing in spite of Pareto Principle
An exploration of ways to overcome the pareto principle (aka the 80/20 rule) which forces most systems into control of the of 1%.
Blockchain UTXO model is a Dead End for General Purpose Applications
An analysis of the UTXO (Unspent Transaction Output) model used by bitcoin and why it isn't appropriate for decentralized applications.
The Problem with Byzantine Generals
Bitcoin and DPOS don't solve the byzantine generals problem and that is a good thing.
Are blockchains really censorship resistant?
A blockchain able to charge a fee is able to censor a transaction. Is there anything we can do about this?
Bitcoin is 100x less secure than commonly believed
The reason proof of work is considered secure is because it is more profitable to join the honest network than to attempt to attack it. The more money you can earn mining for the honest chain, the more costly it becomes to produce an alternative chain. At the core of...
Decentralization, Scalability, and Fault Tolerance of Bitcoin
Bitcoin is all about decentralizing the control over money through objective consensus on ownership. What often gets lost in the discussion is the difference between decentralization, scalability, and fault tolerance. Bitcoin is an example of a decentralized system whose scalability is limited by the power of an individual node rather...
How to Measure the Decentralization of Bitcoin
The crypto currency community is full of people making wild claims about the relative centralization of various projects. Calling something centralized is like calling someone racist; it starts to lose all meaning unless you are extremely careful in how you define it. Decentralization has become a kind of religion, when...
© Daniel Larimer