Inside the blockchain developer’s mind: Proof-of-burn blockchain consensus

Gaining a deeper understanding of a popular — but widely misunderstood — concept in blockchain technology: the consensus algorithm. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability and governance. This series is....

Gaining a deeper understanding of a popular — but meanwhile widely misunderstood — concept in blockchain technology: the consensus algorithm. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance. This....

A return to proof of work mining, a blockchain built to be fork resistant, and the chance to develop in multiple programming languages. Lessons from history — and an eye to the future. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In Part Four, Andrew Levine of Koinos Group discusses some of the challenges the team has faced since identifying the key issues they intend to solve.Earlier in this series I outlined three of the “crises” that are holding back blockchain....

By familiarizing themselves with the nuances of testnets, blockchain developers can become better equipped to evaluate specific testnet releases. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and....

In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the third one: governance. This is Part 3 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 2 on the vertical scaling crisis here.Upgradeability, vertical scaling and governance: What all three of these issues have in common is that people are attempting to iterate on top of a flawed architecture. Bitcoin and Ethereum were so transformative that they....