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A Crash in Slow Motion: Blockchain, Mancur Olson and the Logic of Collective Action

by David LancashirePosted onDecember 1, 2019January 1, 2021

If you’re into blockchain, it’s unlikely you’ve heard of Mancur Olson. Yet his importance to the field is unmatched by any other economist in the latter half of the twentieth century. An American born into the Great Depression, Mancur Olson…

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An ‘AMA’ with the Tsinghua International Blockchain Association

by adminPosted onOctober 3, 2019December 28, 2019

We were recently invited to take part in an ‘Ask Me Anything’ with the blockchain folk at Tsinghua University — Here’s the full transcript! “Saito has a transient chain. How can it be a blockchain when the ledger isn’t permanent?”…

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Saito Q&A – Block Production

by David LancashirePosted onSeptember 7, 2019September 7, 2019

We periodically receive correspondence from people working to wrap their heads around Saito. One common issue people have is the idea that not using mining to produce blocks creates a threat to the network as similar to POS: With work…

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What Inception can teach us about blockchain.

by adminPosted onAugust 13, 2019April 5, 2021

Most people believe that scaling a blockchain is a technical problem. This isn’t at all true — the problem is economic. This can be hard to understand in a world where the dominant way of understanding blockchain comes from computer scientists…

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Development Roadmap – August 12, 2019

by David LancashirePosted onAugust 11, 2019August 11, 2019

In the spirit of an update: Technical Development: The Saito network has shown excellent stability since our TESTNET upgrade about a month ago. We have continued to work to eliminate problems as they have surfaced and have eliminated the “ghost…

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Incentive Attacks on Proof-of-Work Cryptocurrencies

by David LancashirePosted onJuly 7, 2019July 7, 2019

Let’s start with honest praise of Incentive Attacks on Proof-of-Work Cryptocurrencies. As a paper it is hard to fault: the authors catalogue a class of neglected attacks in an genuine fashion. The only qualm I had reading was a suggestion…

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On Blockchain Scaling and Collective Action Problems

by David LancashirePosted onJune 4, 2019June 4, 2019

Are psychiatrists happy because their job is to treat depression? Do only thin people offer weight-loss advice? Or how about a harder question: is bitcoin (the network) a working market simply because bitcoin (the token) can be used to create…

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The Transient Blockchain

by David LancashirePosted onMay 30, 2019May 31, 2019

In an attempt to make some of the work that we do more accessible, David has put together a six minute non-technical introduction to one of the key solutions introduced by Saito. The problem identified and solved in this video…

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The Saito Social

by Richard ParrisPosted onMay 7, 2019August 16, 2019

A podcast about blockchain and China

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Blockchain 2019: everyone wants to eat, no-one wants to hunt

by David LancashirePosted onApril 30, 2019May 26, 2019

In most blockchains the peer-to-peer network does the heavy-lifting: giving data to lite-clients, collecting fees in return, and sharing those fee-paying transactions with the network. And since these activities cost a lot of money at scale, it’s useful to ask…

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  Reach out to us anytime at info@saito.tech.

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]

Intellectual Property

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

  • US patent US10230530B2
  • US patent US20190296915A1
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