5P;1R — Ethereum’s Modified Merkle Patricia Trie This is the second of a series of articles I’m trying out called “ 5 points & 1 resource” (think tl;dr but 5p;1r) where I summarize a list of bullet points that would have helped me start learning a new topic. It is intentionally far from a complete source of data. You can find the first one here: 5P;1R — Bitcoin’s Elliptic Curve Cryptography. ...
One of the major selling points of cryptocurrencies is that everything is decentralized and trust no longer lies in single a third party. However, the trust didn’t simply dissipate, it got distributed to participants of the network. In my opinion, the incentive structure built into cryptoeconomics is one of its most overlooked benefits. The fundamental idea can be summarized as follows: no one wants to lose money, and everyone wants to maximize the profit they receive for the work that they do. ...
This post was originally written as a follow up email to this tweet where one of the hosts of The Investor’s Podcast ran a poll regarding people’s thoughts on Bitcoin. — — — — — — — — — — To provide a fair comparison between Ethereum and Bitcoin I will start by defining the basics, and expand on how each of them can be used without drilling down too deep into the technical details ...