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Crypto

73 STASHED IDEAS

What Makes Chainlink Unique?

Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts.

Managed by a global, decentralized community of hundreds of thousands of people, the Chainlink Network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance, and gaming ecosystems.

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Chainlink (Link)

All good companies are dictatorships

We may think dictatorship is the worst:

  1. Everyone and anyone can be overridden by one man at the top.
  2. Laws can be arbitrarily changed on a whim.
  3. Dictators are all about enriching themselves not the public.

Very few governments pass these attributes. But Apple is. Whole Foods is. Each product and price is a strict law declaring you must pay x dollars to get y. Our economy is run by companies ran by dictators. And we glorify the dictators of good companies.

The Nakamoto Consensus — How We End Bad Governance

athousandnations.com

How is the Solana Network Secured?
  • Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
  • Proof-of-history is the main component of the Solana protocol. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
  • The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
  • The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.

Scalable Blockchain Infrastructure: Billions of transactions & counting

solana.com

The Proof of work concept existed even before bitcoin , but Satoshi Nakamoto applied this technique to the digital currency revolutionizing the way traditional transactions are set.

In fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term “proof of work” was coined by Markus Jakobsson and Ari Juels in a document published in 1999.

But, returning to date, Proof of work is maybe the biggest idea behind the Nakamoto’s bitcoin white paper – published back in 2008 – because it allows trustless and distributed consensus.

Proof of Work vs Proof of Stake: Basic Mining Guide

blockgeeks.com

  • DeFi: Create exchanges and marketplaces that allow anyone around the world to buy, trade, invest, and lend – even without a bank account.
  • Game economies: Create in-game assets that are available forever and that can be exchange for loot from other games.
  • DAO: Empower your community to organize and allocate resources to its members. Vote on impactful governance decisions.

Cosmos: The Internet of Blockchains

cosmos.network

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