Designing humanities trust layer for the digital world — While the last parts of this series of blog posts explained the ideas behind IOTAs upcoming coordicide solution, this part is not going to explain how things are currently envisioned to work in IOTA but instead talk about an alternative framework for tokenomics, that I proposed almost 3 years ago…

Designing humanities trust layer for the digital world — In the last two parts of this series of blog posts, we discussed fundamental facts about DLTs and introduced the idea to use real world trust as a sybil-protection mechanism. In this part we are going to get a little bit more technical and discuss one of the key innovations…

A few days ago I received some critical comment on Twitter claiming that me (and the IF) were hyping things just to push the token price without much substance in the underlying technology. The user specifically gave some examples of past promises that turned out to be wrong and draws…

Designing humanities trust layer for the digital world — In the last part of this series of blog posts, we discussed how scarce resource based sybil protection mechanisms are responsible for the scalibility trilemma and how a different form of sybil protection that uses real world trust promises to overcome these and other limitations. Before continuing to introduce the…

Designing humanities trust layer for the digital world — This is the first of a series of blog posts that will gradually introduce the concepts and ideas behind a novel DLT architecture that aims to solve all existing inefficiencies of contemporary DLTs. The current effort of the IOTA Foundation is to make the network decentralized in a secure way…

To solve the problems mentioned in the first part of this blog post, we need a completely different form of sharding. In the following sections, we will make a step-by-step introduction to the concepts that will allow IOTA to infinitely scale the number of nodes, without jeopardizing security in the…

The following blog posts are going to introduce some of the fundamental ideas and concepts behind a new sharding solution for the IOTA Tangle. We will discuss how the proposed mechanism works and why certain decisions were made when designing this solution. While this topic is still being researched and…

There has been a lot of discussions of the new proposal since I released the fourth part of this blog post. I have somewhat expected something like this to happen, which is the reason why I planned to have a separate part that addresses the trade offs and attack vectors. …

In this part of the blog post I want to finally talk about the new voting scheme that enables nodes to come to an agreement without exchanging additional votes or having to abandon transactions. Overview of the status quo Currently a transaction in IOTA can only mean one thing: It “approves” two referenced transactions, which…