cflows - Chainflow (Page 3)

Three Critical Functions a Validator Needs to Perform

Published on 12 Jun 2019

These are the three critical functions that validators need to perform. Figuring out how to perform them is key to building a sustainable validator operation.…

Criteria for Choosing Networks to Validate On

Published on 06 Jun 2019

Selecting a network to validate on is a form of investment analysis. As validators, we're investing time, attention and capital into supporting the networks we choose to validate on. Smaller validators have less margin for error in this analysis, because our resources are more limited than larger, well…

Initial Thoughts on Harmony's Staking and Incentive Design

Published on 30 May 2019

The Harmony team asked me to provide feedback on their staking and incentive design. Here are my initial thoughts. They're based on reviewing this post and other background information. Lot's of Validators Harmony is a sharded proof of stake blockchain. At mainnet launch, they're…

Staking Observations from NYC Blockchain Week 2019

Published on 23 May 2019

Staking felt like a popular topic during NYC Blockchain Week 2019. I attended three staking events during the week. I spoke to many people representing proof of stake networks and staking companies along the way. The first event was a staking panel discussion hosted by Solana. I also contributed questions…

Announcing the Decentralized Staking Defenders

Published on 22 May 2019

Proof of stake is starting to hit critical mass. The Cosmos mainnet launch seems to have opened to door for a flood of staking networks to come online in 2019. It's also at risk from the outset. Proof of Stake is Already at Risk Stake on these networks…

Cosmos Network Stake Analysis

Published on 03 May 2019

This analysis shows how many validators can shut the network down and control governance.…

Cosmos Delegator Survey Results

Published on 17 Apr 2019

Updated 17 April 2019 I first circulated this survey before the Cosmos Network launch. I circulated it again a week or so after launch. Here's a summary of the 55 responses it received. (Learn more about the Chainflow Cosmos validator and how to delegate to it here.) A…

Chainflow Cosmos Validator Network Architecture

Published on 09 Apr 2019

This architecture draws on my 20+ years of experience designing large, global and mission critical network and data center architectures.…

Cosmos Validator Stake by Commision [Chart]

Published on 02 Apr 2019

Commission Rate - > 25% - 0.17% of total stake 20-24% - 12.74% of total stake 14-19% - 14.3% of total stake 10-13% - 34.2% of total stake 6-9% - 6.18% of total stake < 5% - 34.2% of total stake P.S. -…

Chainflow Validator Updates

Published on 01 Apr 2019

Transparent operation is one of the Chainflow's core values. This page tracks updates to the Chainflow validators.…

Initial Feedback on NuCypher's WorkLock

Published on 28 Mar 2019

NuCypher recently introduced a concept called the WorkLock. It's their initial proposal for "An improved token distribution model". I'm feeling optimistic to see NuCypher approach token distribution consciously and thoughtfully. It would be easier to simply follow what's been done to date.…

The Skin In The Game Staking Paradox

Published on 25 Mar 2019

Validators having skin in the game increases proof of stake network security. That’s a common reason given to justify today’s staking economics. These are the same economics that encourage a rich-get-richer scenario. Some Skin Secures the Network This reasoning may hold true to a point. Yet it breaks…

Decentralizing Governance In Staking Systems

Published on 31 Dec 2018

An Early Cosmos Case Study I joined the Cosmos Validator Working Group when it formed in October 2017. I've participated in every test net since then. The test nets have matured to a point where governance became relevant. The validator working group has emerged to become a decentralized…

Early Proof of Stake Systems Are Encouraging Re-centralization

Published on 23 Dec 2018

You need a lot to start. Then, the more you have, the more you get. This sounds like a "rich get richer" scenario to me. It sounds like a process that consolidates wealth in the hands of a small number of large asset holders. It sounds like the…

Why Even Decentralized Teams Need Centralized Coordination

Published on 25 Nov 2018

Even decentralized teams need centralized coordination. At least they do if they want to ship something users will use on a consistent basis. Here's why.…