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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.


2/ 3
The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies

The whitepaper. "We characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money. We then argue that there is a large unmet demand for a liquid asset that allows households and firms to save outside of the private financial sector. Central banks could offer such an asset by simply allowing households and firms to open accounts with them. Finally, we conclude that a central bank will not issue cryptocurrencies in the sense of a truly decentralized and permissionless asset that allows users to remain anonymous."

2/ 3
Safety Under Dynamic Validator Sets

"In proof of stake protocols, however, validators can come and go, and even the absolute size of the validator set can shrink and grow greatly over time. 80% of the validator set at one time may well be smaller than 20% of the validator set at another time, and what in a fixed-set model is clearly equivocation, in a dynamic-set model may not involve any equivocation at all. How do we deal with this?"

2/ 3
What is the Ethereum Virtual Machine?

An Overview of the Ethereum Virtual Machine.

2/ 3
Who Broke the SHA1 Algorithm (And What Does It Mean for Bitcoin)?

"The cryptography world has been buzzing with the news that researchers at Google and CWI Amsterdam have succeeded in successfully generating a 'hash collision' for two different documents using the SHA1 encryption algorithm, rendering the algorithm 'broken' according to cryptographic standards. But what does this mean in plain language, and what are the implications for the bitcoin network?"

2/ 3
The True Cost of Bitcoin Transactions

Erik Voorhees explains how miners fees are only part of the true cost of bitcoin transactions. (Example numbers are outdated but the logic holds).

2/ 3
The Triangle of Harm

Vitalik Buterin on blockchain security, the article describes different types of possible attacks (Finney attack, feather forking, 51% attack, 51% censorship attack).

2/ 3
How do oracle services work under the hood?

The introduction to the oracles.

2/ 3
Rethinking Network Value to Transactions (NVT) Ratio

The author explains what Network Value to Transactions (NVT) is and tries to work on better equation.

2/ 3
Ever Wonder How Merkle Trees Work?

"Merkele Trees allow us to map a large volume of data and easily identify where changes in the data occur"

2/ 3
Is Bitcoin In A Bubble? Check The NVT Ratio

Forbes analysis of bitcoin based on NVT Ratio (Network Value to Transactions Ratio). It is a good explanation how NVT works.

2/ 3
Mean-reversion and reflexivity: a Litecoin case study

Mean-reversion and reflexivity analysis of a Litecoin.

2/ 3
Rethinking Metcalfe’s Law applications to cryptoasset valuation

Cryptolab Capital research on Metcalfe’s Law.

2/ 3
An introduction to MTV

The primer on MTV (Market to Transaction Value) which is one of main tools in analysis of cryptocurrencies.

2/ 3
The SAFT Project

"The SAFT Project is a forum for the discussion of a compliant framework for token sales. The goal: To develop an industry standard that protects the interests of network creators, investors, and users."

2/ 3
Rewriting History: A Brief Introduction to Long Range Attacks

What a long range attack is and how it works? The article explains weak subjectivity, costless simulation, posterior corruption, stake bleeding, key-evolving cryptography, context-aware transactions, plentitude rule.

2/ 3
Wikipedia: Sybil attack

What exactly is Sybil Attack an how it works?

3/ 3
What is a Sybil attack and how can it affect peer networks?

2/ 3
Consensus Compare: Casper vs. Tendermint

The comparison between two Proof-of-Stake protocols Casper and Tendermint and the profound analysis of the Proof-of-Stake protocol itself.

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