Dear Paul, I don’t envy your position as public enemy #1 for the cryptocurrency goldbug set, but it’s clear from your recent editorial that your ongoing feud with them over deflation is blinding you to what is exciting about blockchain.…
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As proposed by Vitalik Buterin, the scalability trilemma asserts that it is impossible to increase decentralization, scale or security in a blockchain without decreasing at least one of the other two. Vitalik’s proposition is self-evident in the sense that increasing…
In this video we offer a short introduction (six-minutes) to the problems that Saito solves and provide a high-level overview of how Saito Consensus works. You can find a shorter 1-page text summary on our Saito Wiki. This video is…
On April 22nd, Saito held its IDO via Polkastarter and went live on Uniswap. For those who missed the excitement, you can find out how to safely buy Saito here: https://org.saito.tech/saito-ido-guide/ We are pleased to announce that our sale raised…
In a few paragraphs we’ll explain why Saito is the key to delivering Web3 and how our work with the Web3 Foundation Grant is setting the stage for a truly distributed Internet. Before we get there, we need to briefly…
We need to go intellectual today, with a post about collective action problems like the tragedy of the commons and the free-rider problem. The reason is that how our consensus mechanisms address these issues (or fail to) determines whether we…
Saito started in Hong Kong in the Spring of 2017. Richard and I had both been in China for a long-time by then, but the country had been making it harder to get long-stay visas so I found myself spending…
As it is the end of the year, we wanted to share a quick update reviewing some of the progress Saito has made over the past year. So much is happening at Saito that it’s occasionally nice to look back…
This blog post explains how to build a proof-of-work blockchain without 51% attacks. Bear in mind this is a pure proof-of-work implementation: it eliminates majoritarian attacks rather than moving them to a governance layer with voters and validators. Start by…