Decentralization

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Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

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Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie … Read more

Cornell Researchers: Bitcoin Not as Decentralized as Assumed

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Cornell University researchers, using the Falcon Relay Network, have concluded that neither of the two most popular cryptocurrency blockchains, Bitcoin and Ethereum, are as decentralized as once thought. A two-year longitudinal study claims Bitcoin underutilizes its network, Ethereum is better distributed than Bitcoin, and Bitcoin’s rewards for smaller miners is often unpredictable due to block … Read more

What Is Golem?

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There are many blockchain-based projects in development which have the potential to transform certain aspects of our daily lives. The Golem project, for example, certainly has a lot of merit. Creating a global decentralized supercomputer is not an easy feat, though. So far, the team has made some big progress toward bringing this project to market, but … Read more