Being privately issued, stablecoins face a challenge not confronted by authorities fiat currencies: assuring their stable worth by designing reliable redemption rights. Any failure of the issuer to fulfill such redemption rights, and even the notion that such a failure might occur, would seemingly result in a loss of confidence within the stablecoin and a…
Read MoreThis limited model of GHOST, with uncles includable only up to 7 generations, was used for 2 causes. First, unlimited GHOST would include too many complications into the calculation of which uncles for a given block are valid. Second, limitless GHOST with compensation as used in Ethereum removes the incentive for a miner to mine…
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