Some algorithmic stablecoins have proposed incorporating price feeds by asking their token holders. In this post, we point out that this mechanism is broken because of a fundamental incentive misalignment.
Achieving true decentralization requires decentralized cryptography. CHURP is a cryptographic protocol for secret sharing in decentralized settings. In such a setting where nodes may come and go, traditional secret sharing (e.g., Shamir's) is no longer secure. Featuring several fundamental innovations, CHURP accomplishes the mission while being 2300x more efficient than previous schemes!
We describe why the fee market is fundamentally broken and propose an alternative fee mechanism that fixes the issues with the current fee market.
Ever raise a quarter billion dollars and need to solve a really hard problem? Well, neither did we, but we've been talking to Filecoin about helping solve one of theirs.
We explore the space of trust-minimizing coordination mechanisms for on-chain vote buying and exploitation in the permissionless model.
In this Choose Your Own Adventure Game, you navigate the process of warning the world about an exploit you have uncovered in a large software project.
As deployed today, cryptocurrencies do not scale. To tackle this scaling problem, we introduce Pisa, which complements existing work on so-called "layer 2" solutions.
There are many online services that will help collect signatures for you, as well as services that will collect and forward legally binding letters. All of them are broken.
Suppose that N players share cryptocurrency using an M-of-N multisig scheme. If N-M+1 players disappear, the remaining ones have a problem: They've permanently lost their funds. In this blog, we propose a solution to this critical problem using the power of the trusted hardware.
Guest blogger Prof. Karen Levy describes how contracts often include terms that are unenforceable, purposefully vague, or never meant to be enforced, how this helps set expectations, and what this means for smart contracts.