Ethereum's Fourth Protocol Layer: Memory (opens in new tab)

Introduction: The Bitcoin blockchain’s initial architecture was a remarkably innovative approach to distributed consensus, but the very nature of the protocol made it operate more like a replicated state machine than a truly distributed multi-threaded system. In fact, the only non-heterogeneous and non-replicated part of the Bitcoin protocol is the proof-of-work consensus mechanism, which leverages the aggregate of the consensus throughput (hashrate) across conceptually infinite ‘consensus th...