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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

Protocols

Links to the best articles, videos and podcasts about blockchain and cryptocurrency Protocols.

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Understanding PLONK

"Very recently, Ariel Gabizon, Zac Williamson and Oana Ciobotaru announced a new general-purpose zero-knowledge proof scheme called PLONK, standing for the unwieldy quasi-backronym "Permutations over Lagrange-bases for Oecumenical Noninteractive arguments of Knowledge"."

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New Zero Knowledge Proof Services Provide Complete Transaction Privacy

"A common challenge faced by enterprise blockchain networks is how to protect private information from being shared on the ledger. Some organizations need to prevent transactional data from being exposed to other members of the business network for business, legal or compliance reasons."

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Incomplete Contracts (and Scaling Crypto)

"One way to think about various kinds of crypto projects is through the lens of contract theory. An axiom of this area of legal scholarship states: “all but the simplest contracts are incomplete”. That is, contractual arrangements cannot anticipate every possible outcome or set of actions, given complex and dynamic changes in the world the contract lives in."

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Proof of Work vs Proof of Stake, what is the difference?

"Proof of work is an energy intensive consensus protocol used by the Bitcoin network. Proof of stake is a newer consensus protocol that requires less energy and involves choosing miners by how invested they are in the community."

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Miniscript: Streamlined Bitcoin Scripting

"Bitcoin has always had a mechanism for making coins spendable by more complex policies than just a single key: the Script system. While Script is primarily used for single-key payments, it is also the basis for a variety of multisig wallets, atomic swap constructions, and the Lightning network."

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Halo: Recursive Proof Composition without a Trusted Setup

"Halo achieves practical zero-knowledge recursive proof composition without the need for a trusted setup."

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Announcing the UMA Synthetic Token Builder

"UMA’s “Synthetic Token Builder” is now live on Rinkeby testnet! With the Token Builder, you can create tokens that track the price of anything (the S&P 500, the # of Twitter/IG followers someone has, the # of upvotes your meme has…). All you have to do is choose the price feed and deposit DAI."

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Understanding Ethereum Gas, Blocks and the Fee Market

"Gas is one of the most fundamental concepts on Ethereum but it also seems to be one of the most misunderstood. This isn’t surprising because while on the surface the concept is easy to grasp, there are many layers. The goal of this article is to cover the essential concepts when it comes to gas, blocks and the fee market.

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P2P Networks and Blockchains: A Perfect Match, Decades in the Making

"While there were many attempts at other P2P networks prior to 2009, most of them failed. They did, however, leave behind a treasure trove of data and research about what worked, what didn’t, and what were the missing pieces. In this post I will discuss reasons why they failed, potential solutions, and arguments on why blockchains are an effective implementation of those solutions."

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Gas Spectrum Transactions

"Expecting new users to learn the implications of gas price on their transactions before ever using Ethereum is out of the question."

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The Yield Protocol: On-Chain Lending With Interest Rate Discovery

"This paper presents a sketch of a new building block for decentralized finance: yTokens. yTokens are like zero-coupon bonds: on-chain obligations that settle on a specific future date based on the price of some target asset, and are secured by collateral in another asset."

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(Some of) the math behind Bech32 addresses

"But because Bech32 is designed from some cool (but potentially confusing) mathematics rather than just chucking a hash on the end, this article will hopefully make some of the underlying technical details a bit more transparent for all those interested."

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Introducing Oracles V2 and DeFi Feeds

"This blog post introduces exciting changes to the Oracles infrastructure and Oracles governance. The aim of this post is to provide a stepping stone for MKR Governors that lays a foundation for discussing the Oracle proposals on the MakerDAO Governance Calls."

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Quadratic voting with sortition

"One of the weaknesses of all voting, including quadratic voting, is that for any large-scale issue each individual’s ability to affect the result is so small, and so the incentive to deeply reflect and understand one’s genuine beliefs about an issue is tiny."

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Ethereum Smart Contracts in L2: Optimistic Rollup

"This post outlines optimistic rollup: a construction which enables autonomous smart contracts on layer 2 (L2) using the OVM."

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Toward a Unified Metrics Framework for dApps

"By measuring user behavior metrics, dApps can optimize, iterate, and grow. And by measuring investor-centric metrics, dApps can position themselves for future funding to aid growth."

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Wavelet: A decentralized, asynchronous, general-purpose proof-of-stakeledger that scales against powerful, adaptive adversaries

"Wavelet introduces a novel family of directed-acyclic-graph (DAG)-based consensus protocols. It is designed to alleviate the numerous scalability dilemmas predicated in decentralized ledgers, such as those that utilize either the longest chain rule, or some variant of stake delegation or committee election scheme."

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Becoming Decentralized Enough: The Case For DAOs

"In this article, I discuss why DeFi protocols will eventually need to decide between delegating control to a DAO to become truly decentralized or clearly forming into a centralized business that facilitates non-custodial financial services on public blockchains. Each of the two options could be a valid and sustainable model with different trade-offs and goals."

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