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Consensus Execution Contracts Overview

Basic Concept of Consensus Execution Contracts

A consensus execution contract is also known as the smart contract in the blockchain industry. However, VDS team found the term too marketing-oriented, since so far we have not figured not how smart the ...

From a certain perspective, the essence of smart contracts is bytecode. It is through these bytecodes that functions such as logical jumps, calculations, and storage are realized. Taking the creation of the 3rd-generation VDS group as an example, the compiled bytecode is 42,697 bytes, which does not ...

It is often said that friends are wealth, and wide-established connections is the greatest success. However, this type of wealth is so invisible, friends may provide timely help, but it is just like icing on the cake. Even with a huge network of connections, there is still not much real trust, let ...

Iteration is the activity of repeating the feedback process, whose purpose is to approach a perfect result and keep updating. The result after each iteration is a new starting point for the next iteration. Almost every technical success is making self-breakthrough in a constant iteration towards ...

Since the second half of 2019, numerous anonymous coins were delisted by crypto exchanges and prices have plummeted. Zcash once drop by more than 50%. The reason why anonymous coins are removed from the shelves is that financial offences such as money laundering cannot be prevented since it is ...

Satoshi Nakamoto released Bitcoin whitepaper “A Peer-to-Peer Electronic Cash System” in 2008. Through the whitepaper and his posts on the forum, it is not hard to find the three points in Satoshi Nakamoto’s vision. First off, a freer trading environment, which is also the original intention of ...

In 2008, the U.S. plunged into a financial crisis because of the Federal Reserve’s low interest rate policy, the shadow banking system’s evasion of regulation, and the principle error of credit rating algorithms. In 2009, the Federal Reserve announced that it would expand its quantitative easing ...

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