Designing humanities trust layer for the digital world

The history of accounting

To understand the design decisions behind this form of accounting, we are going to discuss the different forms of accounting used throughout human history in…



Designing humanities trust layer for the digital world


Designing humanities trust layer for the digital world


The Tangle shards automatically

The Tangle is not limited by a block size and anyone can always attach new transactions without relying on anything but the previous two events it references. …


Motivation

One of the biggest problems of DLT today is the limited throughput of transactions per second that the networks can process. If the demand…


Attack vectors

There are essentially 3 things that an attacker can do:

Not following the heavier reality

As soon as one of the outcome…


Overview of the status quo

Currently a transaction in IOTA can only mean one thing: It “approves” two referenced transactions, which means that it vouches for the full history of the transactions that it references up till the genesis. Since transactions can only express “total approval”, the only way to deal with “disapproval” is to abandon the “bad” parts of the tangle.


Every consensus requires some form of voting

Nodes in distributed systems see events in a different order. …


“Parallel reality” based ledger state

The first big building block is a different form of record keeping for the ledger state that tries…

Hans Moog

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