A Green Blockchain Project
Bitcoin began the first open source peer-to-peer (P2P) money. It also began a new area of study: Permissionless Blockchain, with the capacity to found Web-3.0 for decentralized, secure and scalable sharing of information. However Bitcoin is known to be notoriously non-green, non-scalable, and very slow.
The blog posts in the following Table-of-Content set out from investigating reasons why permissionless blockchain technologies so far are not practical for Web-3.0 applications. Many issues are worthy discussions: Permissionless, Permissioned, Peer-to-Peer money and applications, Proofs-of-Work, Proofs-of-Stake, Proofs-of-Resources (e.g., storage space), Trilemma of Scalability-Decentralization-Security, Layer-1, Layer-2, Byzantine Fault Tolerance, Consensus, Greenness, Spam Control, Race Condition, Fairness, Sybil attack, Sanction attack, DDoS attack, mining, voting, lottery, Smart Contracts, Stable Coins, DeFi, Web 3.0, …
The discussion shall shape up thoughts toward building a Bitcoin 2.0 solution: A green, decentralized, secure and scalable permissionless blockchain. The Project is also an open source programming platform for building, hosting and using Web-3.0 killer apps.
Security of Permissionless Blockchain
Bitcoin Mining: Competing to Writing DB
An Issue in Bitcoin Mining: Insufficient Competition
Global Clock Consensus, Part 1: Stable Local Clocks
Global Clock Consensus, Part 2: Time Translation Between Local and Global Clocks
Proof-of-Work? Better Luck Than Sweat
Earn Money by Luck, Proof-of-Luck (PoL)
Earn Money Not Only by Luck, But Also More Reliably by Selling Spare IT Resource
Featured Noisy Traffic for DaoliCloud Mining Dissemination
Concurrent Comparison for DB Writing Correctness: Indispensable for Permissionless Blockchain
Incentivization Induced Collaboration
Incentive Byzantine Fault Tolerance
Why and How I-BFT Speeding Up Consensus
Why and How I-BFT Working Non-Interactively
Randomness of the I-BFT Servers
When I-BFT Meeting Immutability
Why and How I-BFT Removing Uncertainty
Why Most of the Time is More Frequent than Less of the Time
The Future Comes One Unique Block At a Time
Why Professional Mining (Rigs or Pools) Not Working
Incentivizing Servers for Enabling Amateur Miners