Proof-of-Work works. It is the most robust and battle tested machine consensus protocol in the cryptocurrency market, nearing 11yrs of uninterrupted operation for Bitcoin and 4.5yrs for Decred. It is also one of the least understood components of network design. This article aims to provide an fundamental overview and
Realised Cap Primer The Realised Cap is a metric originally developed for Bitcoin by the coinmetrics team in response to perceived shortcomings in the traditional Market Cap for valuing the network. The Market Cap, being the total coin supply multiplied by current spot price, has a tendency to over-estimate the
The trends, patterns and arguments the author has observed during the ProgPoW debate, appear to have thinkers converging on many solutions Decred has elegantly solved in its own bubble.
In this paper, I explore the aggregate resilience, adoption and governance behaviour of key participants in the Decred network. The research is essentially an audit of the on-chain performance of the Decred chain
This study concludes that Decred boasts a settlement finality under the most adverse conditions that rank it, at a minimum, in the top 10 most secure blockchains.
As Bitcoin continues to assert it’s market dominance, it is the correct benchmark against which competitors must be compared. The following article is the first of a three part study into Decred from a data driven and first principles perspective.
If you are new to on-chain analysis and looking for somewhere to start or prefer video format, I cover everything regarding the NVT and the RVT ratios as part the Ready Set Crypto Bitcoin Masterclass Ep-3.