ADAvaultBridges are an important part of the crypto landscape to provide liquidity and integration between crypto ecosystems such as Bitcoin, Ethereum and Cardano. Historically though, bridges have suffered from insecure and centralised implementations with a long history of compromise by threat actors. A new bridge between Cardano and Ergo (simplistically a PoW partner of Cardano)…
12 years. Birthday wishes from Charles, who captures the sentiment and spirit perfectly. The cryptocurrency innovation that the Bitcoin has unleashed is just starting. Here’s looking forward to the next 12 years.
We’ve been spending some time lately looking through the Nakamoto Institute web site. You could perhaps say (unfairly?) it’s the spiritual home of the “Bitcoin Maxi”. It has a large amount of excellent references hosted that relate to the goals and design decisions that fed into Bitcoin. For example publications by Ludwig Von Mises on…
Some really nice work on the energy consumption of Bitcoin from the Cambridge Centre for Alternative Finance at Cambridge University. The current estimate is 10GW, with a lower bound of 3.94GW, and upper bound of 16.78GW. That’s 5 orders of magnitude higher than Cardano. If we assume approximately 50W per pool (reasonable for an efficient modern…
This YouTube clip from Charles was released about 3 months ago, but does a great job explaining the approach to interoperability between chains, tokens, and native assets on the Cardano blockchain. This links back to the previous post on Open Source which touches on tokens. It explains how NiPoPoWs (Non-Interactive Proofs of Proof-of-Work) will be…
