For The Better

Of all the parts of the Ethereum protocol, aside from the mining function the fee structure is perhaps the least set in stone. The current values, with one crypto operation taking 20 base fees, a new transaction taking 100 base fees, etc, are little mo…

Important notice: any information from this post regarding the ether sale is highly outdated and probably inaccurate. Please only consult the latest blog posts and official materials at ethereum.org for information on the sale Ethereum received an inc…

I first wrote the initial draft of the Ethereum whitepaper on a cold day in San Francisco in November, as a culmination of months of thought and often frustrating work into an area that we have come to call “cryptocurrency 2.0″ – in short, using the Bi…

The purpose of this post is not to say that Ethereum will be using Slasher in place of Dagger as its main mining function. Rather, Slasher is a useful construct to have in our war chest in case proof of stake mining becomes substantially more popular o…

In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that…

In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over tho…

Corporations, US presidential candidate Mitt Romney reminds us, are people. Whether or not you agree with the conclusions that his partisans draw from that claim, the statement certainly carries a large amount of truth. What is a corporation, after all…