In various discussions over the last two months, we’ve noticed that some people have trouble wrapping their head around Saito’s consensus mechanism. Although our whitepaper tries to outline the solution as simply as possible (and in only four pages!), since…
Just as a quick update on what is happening here behind the scenes, about two weeks ago our technical team (David, Stephen and Richard) began a review and refactor of the core Saito code. Our goals are threefold: 1. Fix…
We have previously spent some time explaining the concepts of the “Transient Block” and “Proof-of-Transactions”. Today we would like to shift our focus to our design of “Paysplit”, which essentially presents the economic model of Saito network. To begin with,…
In the spirit of an update: Technical Development: In the last few weeks we have upgraded from operating a single-server demo to a multi-server network with dedicated machines handling independent services like DNS, dReddit and more. We have fixed core…
It feels like only last year we were at Genesis Block on opening day, rehashing the Bitcoin scaling debate while Vincent struggled to get his Bitcoin ATMs working. In the very few months since, Genesis Block has become a bone…
Blockchain Myths #2 – A Blockchain is a Permanent Ledger In our second post in this series, we address the idea that a blockchain must be a permanent ledger. This is close to a truism in the blockchain community, but,…
Saito is a new kind of blockchain. One with genuine solutions to on-chain scaling. It achieves this by taking a first principles approach, looking to the economics and logistics of building a scaleable blockchain, before getting carried away with clever…
The most significant work over the past two weeks has involved a rewrite/refactor of the core Saito software with the goal of cleaning-up our UTXO-handling code, adding extensive comments to make the source easier for developers to follow, and trying…
As we’ve introduced Saito and the ideas behind it to blockchain developers, venture capitalists, and attendees at various blockchain gatherings, we’ve noticed some common themes in their reactions. And while most serious bitcoiners end up loving Saito once they understand…
