TL;DR: Conditional auctions keep the auctioneer in control and reduce bidder risk at the cost of more complex spam checks. In contrast, unconditional auctions are simpler but expose users to the risk of execution failure, increased latency and lack of finality.
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The challenge of space exploration isn’t just rocket science. It’s also a governance problem. And while this might sound like science fiction, it’s also a fun thought experiment about how decentralised governance could scale—literally—to the stars. Imagine a future where a consortium of investors builds a spacecraft to mine asteroids....
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In traditional systems, trust often requires synchronous real-time interactions, centralized authorities, or constant availability. Ethereum, however, introduced a new model: asynchronous trust.
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