As a part of an ethnographic study on blockchain organizations, I recently attended two major conferences – Dcentral Con and Consensus – held back-to-back in Austin, Texas during a blistering heatwave. My collaborator, Johannes Lenhard, and I had conducted a handful of interviews with angel investors, founders, and venture capitalists, but we’d yet to conduct […]
Consensus in Bitcoin: One system, many models
December 26, 2014 by
At a technical level, the Bitcoin protocol is a clever solution to the consensus problem in computer science. The idea of consensus is very general — a number of participants together execute a computation to come to agreement about the state of the world, or a subset of it that they’re interested in. Because of […]
