Blockchains are a new settlement and ownership layer, one that’s programmable, open, and global by default, unlocking new forms of entrepreneurship, creativity, and infrastructure. Growth in monthly active crypto addresses is generally tracking the
Prediction markets are a hot topic again — even cartoon characters are talking about them (cf South Park). But beyond the buzz, what is a prediction market, exactly? How do they work, how are they designed, and what makes them work?
We answer all
Snowman is the consensus protocol implemented by the Avalanche blockchain and is part of the Snow family of protocols, first introduced through the original Avalanche leaderless consensus protocol. A major advantage of Snowman is that each consensus decision only requires an expected constant communication overhead per processor in the common case that the protocol is not under substantial Byzantine attack — it provides a solution to the scalability problem which ensures that the expected communication overhead per processor is independent of the total number of processors during normal operation.
Andrew Lewis-Pye (LSE) discusses recent work with Ava Labs that addresses two issues with the Snowman consensus protocol. He considers a Byzantine adversary that controls substantial processors. First, he provides a simple proof of consistency for Snowman. Then he supplements Snowman with a liveness module that can be triggered in the case that a substantial adversary launches a liveness attack, and which guarantees liveness in this event by temporarily forgoing the communication complexity advantages of Snowman, but without sacrificing these low communication complexity advantages during normal operation.
About the presenter
Andrew is a mathematician and computer scientist and is a professor at the London School of Economics. About a16z crypto research a16z crypto research is a multidisciplinary lab that works closely with our portfolio companies and others toward solving the important problems in the space, and toward advancing the science and technology of the next generation of the internet.