Cryptocurrencies are nearly eleven years old now, and an impressive ecosystem has formed around them. The total cryptoassets market cap is well north of $100 billion. Billions of dollars of crypto are traded daily. Millions of users have installed a crypto wallet. …

The term blockchain carries a lot of hype, but it is sometimes difficult to understand the full meaning. Blockchain, originally block chain, was coined to describe Bitcoin’s data structure after its launch in 2009. The name describes a chain of blocks, while each block includes transactions or updates to a…

An exotic financial product category meets Bitcoin

When the Chicago Mercantile Exchange (CME) launched the first Bitcoin futures contract in December 2017, it was a big step for the crypto industry. For the first time, a cryptoasset would be available as a commodity that could be traded via futures at the CME.

So what are futures?

A futures contract is a…

Intro to sharding and cross-shard trust

The challenges of scaling blockchains are well documented. The most successful blockchains in operation today form a linear chain, where each block or update references the previous. Every node on the network stores a complete copy of the ledger history. The singular chain model works extremely well at keeping the…

Getting more from less

A plant with a taproot root system. Photo credit: https://bitcoin.nl/

In early May 2019, Pieter Wuille, a prolific Bitcoin Core contributor from Blockstream, quietly introduced a pair of BIPs (Bitcoin Improvement Proposals) that describe a new address scheme called Taproot. The proposals build on the Schnorr signature and Scriptless Scripts work that I discussed in prior posts and provide the…

Jordan Clifford

co-founder @scalarcapital, burner, #bitcoin enthusiast, previously growth eng @coinbase

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