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Marcus Okafor
Author

Marcus Okafor

Research Editor — consensus, tokenomics, protocol design

consensus tokenomics protocol design
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Articles by Marcus Okafor

BITCOIN & LAYER-1S·JUN 26

Lightning Network Hits Record Capacity as Stablecoins Arrive

Bitcoin's Lightning Network set a capacity record while USDT went live over its channels. Here is what the institutional money, new tooling,…

BITCOIN & LAYER-1S·JUN 24

What is the Lightning Network, and what is it actually used for in 2026

Lightning is Bitcoin's payments layer. Here is the channel model in plain English, the 2026 capacity numbers, and the use cases that…

BITCOIN & LAYER-1S·JUN 24

How blockchains reach consensus — Proof of Work vs Proof of Stake, decided

PoW and PoS are not interchangeable. Here is what each consensus mechanism actually does, the energy and security trade-offs, and the verdict…

CULTURE & LONG-READS·JUN 24

What is a DAO, really, and what they keep getting wrong

DAOs were sold as on-chain corporations. After ten years of evidence — from The DAO to ConstitutionDAO to ENS — the working…

BITCOIN & LAYER-1S·JUN 24

EIP-1559 explained for non-developers — and why the burn matters

EIP-1559 replaced Ethereum's fee auction with a base fee and a burn. Here is the spec in plain English, the numbers since…

DEFI & ON-CHAIN·JUN 24

What is gas, and why do fees move the way they do

Gas is the unit Ethereum uses to price computation. Here is how the market works, why fees swing from 8 to 800…

CULTURE & LONG-READS·JUN 23

Six months on a Lightning Network node, by someone who is not a Bitcoiner

Six months, 59 payments, and $112 in fees on a self-hosted Lightning node. Notes from someone who came to Bitcoin's L2 with…

CULTURE & LONG-READS·JUN 23

Inside the quiet team that kept Geth alive through three forks

Three Ethereum forks — The Merge, Shanghai/Capella, and Dencun — tested the Geth maintainer team in ways the all-core-devs calls rarely show.…

BITCOIN & LAYER-1S·JUN 23

Ethereum’s L1 throughput debate, decided in three diagrams

Three charts settle a debate Ethereum researchers have been having since EIP-1559: gas-per-block, blob inclusion under EIP-4844, and MEV-Boost relay share tell…

BITCOIN & LAYER-1S·JUN 23

Solana’s mainnet upgrade quietly halved confirmation latency

Solana's v1.18.x cluster upgrade and the SIMD-0123 reward changes cut median optimistic confirmation latency from roughly 480 ms to 240 ms. Here…