Apr 19, 2014
Transaction Rights: The Necessary Product of Block Chaining
Transaction Rights: The Necessary Product of Block Chaining
Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin’s proof-of-stake model. This article presents those objections along with a similar system redesigned to address them.
In a simplified version of Peercoin’s proof-of-stake design, each node can use part of its balance as a stake…
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