A key to decentralization is imposing constraints on authority. Constraints are used to limit undesired actions of agents in a system forcing them to engage in constructive behavior. When all agents are constrained such that incentives are aligned, trust can be established. With cryptoeconomics we design decentralized protocols which precisely| karl.tech
It's unclear how governments will integrate with blockchains. Historically, governments have gained much of their power through land ownership secured by force. However, as humanity ventures further into the virtual, physical land ownership loses importance. With cheap flights, Airbnb, and widespread internet access we will likely see a| karl.tech
[Cover Image Source] Distributing dividends via smart contracts is difficult with a large number of shareholders. A naive implementation could look something like this: for s in shareholders: dividend = s.shares/total_shares * total_dividends send(s.address, dividend) This is not practical when the number of shareholders is large| karl.tech
Bitcoin has catchy slogans like digital gold and internet money, but what is Ethereum? Sometimes it’s called the world computer. But what in the world is a "world computer"? Without having to take a course in computer science, here is a straightforward explanation of what Ethereum| karl.tech
--- What you will need ✅ 1. The **Chrome** web browser - [Download here](https://www.google.com/chrome/browser/desktop/) 2. The **Metamask** Chrome extension - [Download here](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn) Metamask allows you to sign Ethereum transactions *without* running a full Geth node. Contract| karl.tech
Reliance on Javascript is stunting the growth of the Solidity development ecosystem. It’s why new developers get stuck. It’s why we struggle integrating Solidity into development environments. And it’s why much of our documentation is out of date. We are stuck in our Javascript| karl.tech
Understanding how to use testnets is essential for developing smart contracts on Ethereum. Here is a basic introduction to what testnets are and how to use them. What is a testnet? Testnets simulate the Ethereum network and EVM. They allow developers to upload and interact with smart contracts without paying| karl.tech
Getting started writing dapps is hard. You've got a lot of moving pieces, and half of them are in beta release. It's great because you can make a huge impact as an early adopter, but being a pioneer you sacrifice the convince you'll find| karl.tech
Ethereum and IPFS can be used to build powerful decentralized applications. You use Ethereum to store application state while IPFS stores app content...| karl.tech
With technologies' exponential growth, building a decentralized application will transition from a nicety to a necessity.| karl.tech
Using Ethereum we can remove middlemen that make money providing trust. Companies like eBay get replaced with trusted programs built on Ethereum. A seller, buyer, and...| karl.tech
This is first pass at a full specification for a Plasma Cash chain, based around the use of unique identifiers for each token on the Plasma chain.| karl.tech
What is "commit-reveal"? In this tutorial we learn about a useful cryptographic technique and how it is used in a Solidity voting smart contract!| karl.tech