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Author: David Lancashire

Journey to the West: Blockchain in America

by David LancashirePosted onFebruary 18, 2019February 19, 2019

Richard and I are just back from a roughly two-week trip to California. Richard wrote earlier about our experiences with the Stanford Blockchain Conference. Rather than rehash his opinions, I thought I’d share some broader thoughts on how Silicon Valley…

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Starfish Mission: are small blocks really secure?

by David LancashirePosted onFebruary 11, 2019February 11, 2019

On Thursday, February 7 Richard and I had the good fortune of presenting Saito to a select group of people we now know in San Francisco. It was a smart crowd that was constantly thinking ahead of where we were…

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On Discouragement Attacks

by David LancashirePosted onDecember 20, 2018December 20, 2018

Vitalik Buterin just wrote an important paper. It matters because it addresses the fundamental economic nature of attacks on blockchains, and specifically that the cheapest way to attack a POW or POS blockchain is to undermine its incentive structure. Attackers…

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Protected: The Soviet Economics of Blockchain

by David LancashirePosted onDecember 13, 2018December 14, 2018

There is no excerpt because this is a protected post.

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The Ver Attack: The Biggest Vulnerability in Bitcoin?

by David LancashirePosted onNovember 23, 2018

Anyone who knows Saito knows that we’re obsessed with economic attacks. From inception to our TechCrunch panel last Tuesday, we’ve stressed that vulnerabilities in blockchain are almost always economic at heart. Given this, the most fascinating part of the Bitcoin Hash War for us…

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Scaling into the Terabytes

by David LancashirePosted onNovember 20, 2018November 20, 2018

This post is about where Saito is in terms of blockchain scaling, the technical challenges that we face and our roadmap for processing even larger amounts of data moving forward. If you’re technically-minded and interested in on-chain blockchain scaling, please get…

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Saito on China Global Television Network

by David LancashirePosted onNovember 2, 2018

Adrian somehow materialized a media appearance for us on the China Global Television Network (CGTN is the rebranded CCTV-9) as part of their reporting on the 10th anniversary of the Bitcoin Whitepaper.* Here are some photos of the event, courtesy…

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Wrestling with the Scalability Trilemma.

by David LancashirePosted onOctober 11, 2018October 11, 2018

I’ve been thinking a lot about the scalability trilemma lately, and wanted to write this blog post because after grappling with it for several days it seems pretty clear to me that the idea is at least a little bit…

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Blockchains on Blockchains: Smart Contracts on Saito

by David LancashirePosted onSeptember 10, 2018September 12, 2018

Imagine we want to scale Ethereum without plasma chains or chains-of-chains. Here is one strategy: Start by creating a Saito module that selects nodes through some algorithm. All nodes running this module listen on the Saito network for transactions that…

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Ethereum Industry Summit

by David LancashirePosted onSeptember 9, 2018September 9, 2018

I attended the Ethereum Industry Summit in Hong Kong yesterday. Left the event with mixed feelings and a few new friends, but three random thoughts to start: The calibre of discussion was high compared to other public crypto events and…

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Tragedy of the Commons

Saito uses automatic transaction rebroadcasting to create a market equilibrium where the blockchain can never get so big it collapses. [learn more]

Free-Rider Problem

Saito Consensus pays nodes that give money to other nodes. This eliminates free-riders pressures and the fifty-one percent attack. [learn more]

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We are working towards the creation of a foundation to ensure the open availability of Saito standards for public blockchains:

  • US patent US10230530B2
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