Infochain

Infochain provides institutions with bleeding-edge first-principles crypto research.

[Infochain @Infochain__]

There is no trustless-ness, only trust minimization.

#Blockchains #Bitcoin #Ethereum

[Infochain @Infochain__]

Blockchains and AI are complementary technologies;

And will be the most relevant in the upcoming decade.

With the massive improvements in AI,

AI-generated content will become indistinguishable from original one, which creates a far greater authenticity problem.

This requires a robust and sound solution;

digital signature schemes and a trustworthy source of information (permissionless blockchains).

This of course carries benefits such as the eradication of black mail, as no content – even if authentic – would be considered as such without the concerned party's signature.

[Infochain @Infochain__]

The next two decades will revolve around blockchains and AI.

[Infochain @Infochain__]

Money is still the ultimate use case.

#blockchain

[Infochain @Infochain__]

#Money is arguably the greatest invention humanity has ever produced.

Money has lowered our time preference significantly, enabled economic calculations, and facilitated complex production processes.

[Infochain @Infochain__]

A new chain with a sufficient budget can simply boot up few powerful nodes and incentivize applications and users to move to the new chain.

[Infochain @Infochain__]

Among the many problems of centralized high-TPS chains is the lack of network effects on the node level, which makes them quite fragile.

[Infochain @Infochain__]

This is known as costless or trustless verification of authenticity; as entities only require the public key of their counter-party in order to verify signatures.

[Infochain @Infochain__]

A fundamental component of public #blockchains – and secure Internet communications in general – is the ability to trustless-ly verify authenticity through digital signature schemes.

[Infochain @Infochain__]

Digital signature schemes provide excellent guarantees; as concerned entities can be convinced that some data is authentic only by running a trivial computation on their hardware.

[Infochain @Infochain__]

@javapoet DAG based consensus protocols can improve latency but not throughput – if decentralization is preserved.

[Infochain @Infochain__]

To this day, no smart contracts chain has implemented a viable solution to the #blockchain scalability problem.

All "scalable" chains sacrifice massively on #security, or #decentralization, or both.

[Infochain @Infochain__]

To this day, no smart contracts chain has implemented a viable solution to the #blockchain scalability problem.

All "scalable" chains sacrifice massively on #security, or #decentralization, or both.

[Infochain @Infochain__]

#Money is arguably the greatest invention humanity has ever produced.

Money has lowered our time preference significantly, enabled economic calculations, and facilitated complex production processes.

[Infochain @Infochain__]

@morpheus_btc @jackmallers @BitcoinMagazine There are multiple valid criticisms of PoS but this is not one of them.

[Infochain @Infochain__]

Algorithmic #stablecoins will become a functional and prominent part of the ecosystem.

Preferably tracking a consumer price index rather than a centralized fiat currency.

[Infochain @Infochain__]

The relative ease of recovering from majority attacks in #PoS-based systems is often under-appreciated — especially by Bitcoiners.

This property could be even more important than the energy efficiency of such systems.

[Infochain @Infochain__]

The value proposition of #blockchains is social scalability.

[Infochain @Infochain__]

Despite the numerous new layer-1 blockchains, #Ethereum remains at the bleeding-edge of research and innovation.

[Infochain @Infochain__]

There is no trustless-ness, only trust minimization.

#Blockchains #Bitcoin #Ethereum

[Infochain @Infochain__]

#Avalanche devs have framed their consensus protocol as a scalability solution.

The consensus is novel but has nothing to do with throughput.