The Simplest Crypto Explainer
tl;dr: crypto is a circle of ducks wearing goggles. It’s election season, and Ducktown is choosing a new mayor. You’re helping to count the votes.You plan to do your job honestly, exactly how you are told. But there are ducks here that you’ve never met before. How do you know that everyone will do an honest job? Let’s look at two different ways we could arrange everyone to ensure that the votes are counted fairly. The first way is the “Staircase”.In this system, everyone sits in a row. Each d...
The Simplest Crypto Explainer
tl;dr: crypto is a circle of ducks wearing goggles. It’s election season, and Ducktown is choosing a new mayor. You’re helping to count the votes.You plan to do your job honestly, exactly how you are told. But there are ducks here that you’ve never met before. How do you know that everyone will do an honest job? Let’s look at two different ways we could arrange everyone to ensure that the votes are counted fairly. The first way is the “Staircase”.In this system, everyone sits in a row. Each d...
