I don´t get why everyone just asks "what is the faster and cheaper", but rarely anyone asks "what is the most secure and most decentralized?"
Want cheap and fast transactions only? Why don´t you use visa?
Topic: Assume perfect distribution of a token. What proof protocol is the fastest? (Read 143 times)
January 23, 2019, 01:41:43 PM
January 23, 2019, 12:49:51 PM
I think the PoS network I would need is a typical one but without interest. Where the amount of stake you hold dictates your weight in the network and transaction rewards.
From what I can understand (based on my loose intuition of computer science as a webdeveloper) Tron's DPoS is a type of "scaling" mechanism or technique that greatly increases transaction speeds.
If Tron had perfect distribution, how could it enhance it's Super Representative layer? perhaps an tangle/mesh network of SRs?
From what I can understand (based on my loose intuition of computer science as a webdeveloper) Tron's DPoS is a type of "scaling" mechanism or technique that greatly increases transaction speeds.
If Tron had perfect distribution, how could it enhance it's Super Representative layer? perhaps an tangle/mesh network of SRs?
January 21, 2019, 11:17:51 AM
thank you. one thing I should mention is that my idea would require "proof of work/capacity" for the main chain.
This is a sidechain scaling idea. I truly feel like it can rival tron's confirmation times, but it's a side chain. I don't think that's a problem.
The only argument i've seen against proof of capacity is its collusion weakness with technologies like sharding.
I've read a bit into sharding, and it seems to have some arbitrary/inorganic configurations. Primarily the 2 3rds vote to validate transactions on a shard.
This is a sidechain scaling idea. I truly feel like it can rival tron's confirmation times, but it's a side chain. I don't think that's a problem.
The only argument i've seen against proof of capacity is its collusion weakness with technologies like sharding.
I've read a bit into sharding, and it seems to have some arbitrary/inorganic configurations. Primarily the 2 3rds vote to validate transactions on a shard.
January 21, 2019, 10:58:50 AM
Is there a list of PoS network approaches that I can look at?
Haven't seen a list though i just know of a few Randomised POS Network approaches.
Next block producers can be selected based;
- Coin age
Quote
Peercoin's proof-of-stake system combines randomization with the concept of "coin age", a number derived from the product of the number of coins times the number of days the coins have been held.
Coins that have been unspent for at least 30 days begin competing for the next block. Older and larger sets of coins have a greater probability of signing the next block. However, once a stake of coins has been used to sign a block, they must start over with zero "coin age" and thus wait at least 30 more days before signing another block.
Coins that have been unspent for at least 30 days begin competing for the next block. Older and larger sets of coins have a greater probability of signing the next block. However, once a stake of coins has been used to sign a block, they must start over with zero "coin age" and thus wait at least 30 more days before signing another block.
- Lowest Hash value and Size of stake
Quote
Nxt and BlackCoin use randomization to predict the following generator, by using a formula that looks for the lowest hash value in combination with the size of the stake. Since the stakes are public, each node can predict - with reasonable accuracy - which account will next win the right to forge a block
More info here: Proof of stake
- Compliance level, Stake and Reputation
ORBS approach is through Reputation of a node's trustworthiness according to other nodes, minimum stake required for deposit and compliance which is the track record of a node’s behavior over time to ensure they are making required updates, maintaining fairness policies etc all combined together.
https://orbs.com/what-is-proof-of-stake-pos-vs-dpos-vs-rpos/
January 21, 2019, 10:33:01 AM
If you mean literal cost ($ out of pocket). That cost is covered by those participating.
All I can say is that there is an incentive mechanism for this distribution.
One thing my theory relies on is transaction fees compensating stakers enough.
All I can say is that there is an incentive mechanism for this distribution.
One thing my theory relies on is transaction fees compensating stakers enough.
January 21, 2019, 07:03:12 AM
Dont you have to take into account the cost of distribution as well?
January 21, 2019, 04:25:27 AM
Assume perfect distribution of a token. What proof protocol is the fastest?
Tron is taking off because of it's SR system. It's super centralized. I don't think it will stand the test of time, but it will make a lot of people rich for now.
Centralization is a huge fear with Proof of stake. Even proof of work.
But let's assume that we could actually not worry about centralization. Let's assume that the token we're using the stake the network is very decentralized and will always be.
What would be the ideal protocol to run on top of it? I think it'd have to be some form of proof of stake, because obviously a token is involved.
There is DPoS. Like tron. but is there a more sophisticated version?
Is there a list of PoS network approaches that I can look at?
Tron is taking off because of it's SR system. It's super centralized. I don't think it will stand the test of time, but it will make a lot of people rich for now.
Centralization is a huge fear with Proof of stake. Even proof of work.
But let's assume that we could actually not worry about centralization. Let's assume that the token we're using the stake the network is very decentralized and will always be.
What would be the ideal protocol to run on top of it? I think it'd have to be some form of proof of stake, because obviously a token is involved.
There is DPoS. Like tron. but is there a more sophisticated version?
Is there a list of PoS network approaches that I can look at?
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