Chainflow's blog - Chainflow (Page 6)

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.…