01 Sep 2019 ·
9 min read
It has been almost a year since the idea of HyperVault was first conceived. In that time, we built HyperVault up from a single sentence, gained and lost team members along the way, developed a functional proof-of-concept over the short winter holidays, crashed out of a few competitions (also won a couple of prizes), and finally decided to open source. This post aims to be an honest reflection on the journey – highlighting both the good bits and the times we wanted to give up.
25 Jun 2018 ·
11 min read
In this post we will be examining one of the main problems with Proof of Work (PoW) – not the energy inefficiency (as it is debatable how much of a problem this really is), but something more fundamental with the consensus process. In the past couple of months we have seen a number of cryptocurrencies fall victim to 51% attacks. Verge, Bitcoin Gold, ZenCash, and Electroneum are just a few coins that have been targeted, resulting in a total equivalent theft of $5 million (not to mention the subsequent loss in market value of the coins).