I saw that Monero is based off of CryptoNight, and that looks really easy to fork. Is there any advantage to use a currency that tries to be egalitarian by imposing inefficient constraints though? Would it only be good as a currency and not some other form of POW ledger?
Jaxson Murphy
Blockchains are like a burrito.
Ryder Jones
I've never heard this metaphor before.
Jace Clark
>cryptography :) >cryptocurrency :/ >blockmeme :(
Matthew Howard
Just talk about cryptography then you triple nigger
Asher Martinez
if only a few people have the means to store and validate the full ledger, wouldn't the point of decentralization have been undermined?
Well, a popular application of cryptography is its well known use in the world of cryptocurrency, which is a marvel of blockchain technology and something that the technology seems to be headed towards. The blockchain is, in essence, a revolutionary technical phenomenon that demonstrates the vision that the minds behind cryptography have envisioned. While cryprography is a fundament of blockchain technology and it's spin-off, cryptocurrency, we mustn't restrict ourselves to defining cryptography as a field of technology. We can only say that the blockchain is simply the manifestation of numerous principles that come together to establish the basics of cryptography. As such we can conclude that cryptography is possibly one of the most important components of the development of blockchain technology and we have blockchain technology to thank for the existence of cryptocurrency? Furthermore, our investments into the world of cryptocurrency and the blockchain are a demonstration of the risks that lie ahead in the road to the future developments of crypto-blockchain-currency-graphy and as such must be studied as the overall field that it encompasses.
Now you may ask, what the fuck did I just post? Nobody knows™.
Joseph Harris
crypko.ai is in beta rn. get your free $10k on the Rinkeby test network and farm some anime waifus
Leo Garcia
> tfw you study the Diffie–Hellman algorithm and be perplexed by its genius simplicity of how a secret can be shared between 2 parties over an insecure channel, how the fuck a so genius idea can be so simple
It's used to exchange secret cryptographic keys over a non-secure channel that's used later with symmetric key algortihms like AES
currently it's used in many many applications like TLS handshake (like in HTTPS)
David Lewis
>Discussions of cryptography, cryptocurrency, and other block chain related technologies.
what do you guys think about shared POW
instead of one hugeass reward for mining a single block all alone, what if we made the problem easier (say, by a factor 10) and required 10 solutions to mine a block.