Thesis: trust the integrity of the ledger to third parties Antithesis: you must personally verify every tx in the entire ledger Synthesis: intelligent techniques that approach the security of the latter and the efficiency of the former #sharding #data_availability_checks #snarks https://t.co/kULq4AhkV5
March 31, 2020 at 12:51AM
https://twitter.com/VitalikButerin
March 31, 2020 at 12:51AM
https://twitter.com/VitalikButerin
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vitalik.eth
Thesis: trust a centralized third party to hold your assets Antithesis: pure self-custody Synthesis: use smart contracts, multisig, social recovery and other techniques to build systems more robust than either. One multisig recovery standard in progress:…
Thesis: traditional BFT consensus (cheap, only digital signatures, and has finality, but requires trusted parties) Antithesis: Nakamoto PoW (open, anyone can participate, but expensive and no finality) Synthesis: proof of stake (anyone can participate, has finality *and* cheap) https://t.co/2gPZjzt52z
March 31, 2020 at 12:54AM
https://twitter.com/VitalikButerin
March 31, 2020 at 12:54AM
https://twitter.com/VitalikButerin