Blockchain, An Statistical View

Blockchain Theory

In 1992, Haber, Stornetta, and Dave Bayer incorporated Merkle trees to the design, which improved its efficiency by allowing several document certificates to be collected into one block. The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Bitcoin: A Peer-to-Peer Electronic Cash System was introduced by  Satoshi Nakamoto […]

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Bayesian nightmare, A Gentle Introduction to Bayesian data analysis

Challenging Statistics

Whereas the 20th century was dominated by null hypothesis significance testing, the 21st century is becoming Bayesian (source: JK Kruschke). The essential characteristic of Bayesian methods is their explicit use of probability for quantifying uncertainty in inferences based on statistical data analysis. Recently, an increased emphasis has been placed on interval estimation rather than hypothesis testing. […]

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