ICOs – The Good and the Ugly

In the recent crazy wave of ICOs we hear every day that investors should be warned and there are lots of scams or that it is unlikely that ICOs can deliver. So the question is how do you tell apart a “good ICO” from a bad one? It is a difficult question, but let us …

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Bitcoin Network Recovery – $40 Billion Of Self-Inflicted Damage

After 1 month of acute crisis the bitcoin network is finally operating more or less normally. Imagine that you went to a station in rush hour and it took you 1 month to get home due tube or rail network jamming. This is exactly what happened to bitcoin in the last 2-3 months, and which is …

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Bitcoin Network Saturation

Almost exactly 3 years after this, bitcoin network went down to less than 50% dominance, and has nearly lost its capacity to process payments normally. Bitcoin in Crisis This can be seen on the following graph for the last 12 months. The curve does not go down to zero anymore. It can no longer keep with …

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Silvio Micali – A Genius Which Will Stay in the Bottle

Silvio Micali, one of the most brilliant computer scientists on this planet has just re-invented democracy or blockchains or finance or law order and public authority and few other things, with his ALGORAND system. And some other brilliant crypto innovators are also doing the same thing: see DFINITY. Possibly this is what we really want, a …

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Blockchain Privacy – Part 3: Ring Signature Mixes

Now we’ve covered why privacy is essential for widespread cryptocurrency adoption, and how stealth addresses can help assist the pseudonymity (stealth addresses defined and explained in Part 2, pseudonymity discussed in Part 1), it’s time to explain how to combine cryptography and Ethereum’s smart contract functionality to add another layer of obfuscation to public blockchains! …

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Blockchain Privacy – Part 2: Stealth Addresses

Privacy In Part 1 we covered why privacy is essential for widespread cryptocurrency adoption, and concluded that neither Bitcoin nor Ethereum, or even ZCash is suitable for the task we’re wanting to solve: anonymity with efficiency. (Also the bonus property of needing no trusted setup)! COOL THING 1: STEALTH ADDRESSES The benefits of using stealth …

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