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Weak Blocks – The Good And The Bad

I’ve been looking at weak blocks and I’m trying to sort out the good and the bad about it. How it works Weak blocks are blocks that does not appear in the blockchain, only in the p2p network. Miners produce these blocks with reduced difficulty, for example...

Proof of Payment design choices

In this post I’ll try to explain some design choices for BIP 120, Proof of Payment, and also comment on some critique against it. Basically a Proof of Payment looks exactly like a Bitcoin transaction: Note how Pop(T) in indistiguashable from a Bitcoin...