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Ethereum: Now Going Public

I first wrote the initial draft of the Ethereum whitepaper on a cold day in San Francisco in November, as a culmination of months of thought and often frustrating work into an area that we have come to call “cryptocurrency 2.0″ – in short, using the Bitcoin blockchain for more...

Ethereum Blog favicon Ethereum Blog over 11 years ago 1 min read

Slasher: A Punitive Proof-of-Stake Algorithm

The purpose of this post is not to say that Ethereum will be using Slasher in place of Dagger as its main mining function. Rather, Slasher is a useful construct to have in our war chest in case proof of stake mining becomes substantially more popular or a compelling reason...

Ethereum Blog favicon Ethereum Blog almost 12 years ago 1 min read

Bootstrapping a Decentralized Autonomous Corporation, Part 3: Identity Corp

In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that we have not answered: what might...

Ethereum Blog favicon Ethereum Blog almost 12 years ago 1 min read

Bootstrapping An Autonomous Decentralized Corporation, Part 2: Interacting With the World

In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over thousands of servers. As it turns out, these networks can even maintain...

Ethereum Blog favicon Ethereum Blog almost 12 years ago 1 min read

Bootstrapping A Decentralized Autonomous Corporation: Part I

Corporations, US presidential candidate Mitt Romney reminds us, are people. Whether or not you agree with the conclusions that his partisans draw from that claim, the statement certainly carries a large amount of truth. What is a corporation, after all, but a certain group of people working together under a...

Ethereum Blog favicon Ethereum Blog almost 12 years ago 1 min read