Edits
This commit is contained in:
parent
0fb4115c5f
commit
b4bc2efad6
|
@ -38,9 +38,9 @@ That mechanism is missing in many proposals. Without the convergence provided by
|
|||
|
||||
Implementing "trusted witnesses" solves that problem. Trusted witnesses are nodes that are known to have greater connectivity, or are otherwise trusted to maintain the *canonical* global state. While it is conjecture, I believe that any mechanism to "decentralize" such a witness will rapidly resemble a blockchain.
|
||||
|
||||
Delegated consensus, can be seen as a special case of "trusted witnesses", albeit one with a sound economic argument - peers with a greater stake in the system are unlikely to harm it, otherwise they would harm their own interests. Following this logic, a new trend of hybrid systems propose to replace mining with a voting procedure, weighted by address balances.
|
||||
Vote driven consensus, where peers directly or indirectly vote (weighted by their stake in the system) on new blocks, can be seen as a special case of "trusted witnesses", albeit one with a sound economic argument - peers with a greater stake in the system are unlikely to harm it, otherwise they would harm their own interests.
|
||||
|
||||
There are arguments to be made about the relative centralization of proof-of-work verses coin distribution that I won't go into. I instead want to address my core complaint of such constructions: availability.
|
||||
(There are arguments to be made about the relative centralization of proof-of-work verses stake distribution that I won't go into. I instead want to address my core complaint of such constructions: availability.)
|
||||
|
||||
To ensure that transactions are confirmed in a timely manner, voting must also happen in a timely manner.
|
||||
|
||||
|
|
Loading…
Reference in New Issue