What is Routing Work
Saito uses routing work to secure the blockchain rather than hashing or staking. But what is routing work? In Saito, nodes...
Saito, the Web3 Foundation and the Future of the Decentralized Internet
In a few paragraphs we’ll explain why Saito is the key to delivering Web3 and how our work with the Web3...
The Three Solutions to Scaling
We need to go intellectual today, with a post about collective action problems like the tragedy of the commons and the...
Eliminating 51% Attacks in Proof-of-Work Blockchains
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...
The Disappearing Fee Trick: how Saito fixes blockchain security
A magician doesn’t normally reveal their tricks. But Saito is less magic than science. In this post we’re going to open...
The double-spend attack is not the same as the 51 percent attack
The double-spend attack is not the same as the 51 percent attack. It is strange to have to make this point...
The Cost of Routing Paths
Adding cryptographic signatures to Saito transactions eliminates the 50 percent attack, but increases the size of transactions. Given that adding a...
Digging in the Wrong Place
When people talk about the “difficulty” of attacking proof-of-work and proof-of-stake networks they are really talking about cost. This is because...
A Crash in Slow Motion: Blockchain, Mancur Olson and the Logic of Collective Action
If you’re into blockchain, it’s unlikely you’ve heard of Mancur Olson. Yet his importance to the field is unmatched by any...
What Inception can teach us about blockchain.
Most people believe that scaling a blockchain is a technical problem. This isn’t at all true — the problem is economic. This...
Incentive Attacks on Proof-of-Work Cryptocurrencies
Let’s start with honest praise of Incentive Attacks on Proof-of-Work Cryptocurrencies. As a paper it is hard to fault: the authors...
On Blockchain Scaling and Collective Action Problems
Are psychiatrists happy because their job is to treat depression? Do only thin people offer weight-loss advice? Or how about a...