The first Scorex-based testnet, Lagonaki, combines the Permacoin consensus protocol implementation with a simple, Nxt-like payments module. After Lagonaki, the next Scorex-based testnet will be Ergaki, a block chain system that will be used as a public and performant bulletin board for various protocols including voting and auctions. The components of Ergaki are the following:
A new Proof-of-Work scheme based on RollerChain. By default, nodes will follow a "rational behavior", and will remove blocks that are not needed for Proof-of-Work mining. Potentially, a scheme like Ghost/Spectre or Bitcoin-NG/ByzCoin will be used to increase the system's troughput.
A new transactional module where state will be comprised of boxes…
Goodbye Mike and Some Thoughts About Bitcoin
15 January 2016 15 mins read
Goodbye Mike and Some Thoughts About Bitcoin - Input Output HongKong
On Mike
After reading Mike Hearn's
farewell letter to the community, I've decided to finally draft my thoughts on the blocksize debate, but first a few things about Mike. Hearn, joined the Bitcoin community back in May of 2009 and has been an active contributor for as long as I can remember in some capacity or another. He's also an incredibly bright and creative person who…I've been thinking about the Bitcoin Foundation over the last few months. After I left as the first chairman of the education committee back in late 2013, I dismissed the Foundation as a mostly inept attempt by some business interests in the community to gain an edge over their competitors. The actions of
Peter Vessenes and Mark Karpeles alongside the board's indifference to…I recall the mid-summer Virginia afternoon back in 2013 being filled with copious conversations ranging from how to achieve value stability for a cryptocurrency to this strange idea Stan Larimer had called a DAC - a decentralized autonomous company. His drafts contained terms like Steely Eyed Geeks and a nice list of rules definitely inspired by Arthur C Clarke and Isaac Asimov…