Topic: "Introducing the Randomized Node Consensus Protocol: A Paradigm Shift in Blockch (Read 75 times)

Exactly. OP seems to have missed the fact that anybody can make his own wallet, since it's just code, and mimic being "good citizen", but not obeying the randomness rule.
Sorry OP, but this can't work.

Feels like it's AI generated, since it has decent writing, but with so many technical error. First of all, what stops someone to run lots of node at once in order to manipulate consensus or earn tons of money?

How can you prove to someone that you generated a random number? Try answering yourself this question, and see why this consensus protocol is infeasible to have.

"Introducing the Randomized Node Consensus Protocol: A Paradigm Shift in Blockchain Consensus"


Dear fellow blockchain enthusiasts,

I'm thrilled to introduce an approach to blockchain consensus – the Randomized Node Consensus Protocol. In this forum post, I'll delve into the key aspects of this innovative protocol and how it promises to revolutionize the way we achieve consensus in decentralized networks.

**Protocol Overview**:
The Randomized Node Consensus Protocol reimagines the consensus process by leveraging random node selection for efficient and secure block validation. Here's a brief overview of its core components:

1. **Random Node Selection**: Each block selects a node randomly from a predefined subset, reducing computational overhead and fostering decentralization.
 
2. **Closest 200 Nodes Considered**: To ensure fairness and decentralization, the protocol considers the closest 200 nodes to a chosen line for block validation.
 
3. **Single Random Validator**: From the subset, one node is randomly chosen to validate the next block, maintaining fairness and security.

**Advantages**:
The Randomized Node Consensus Protocol offers several compelling advantages:

- **Efficiency**: By reducing computational requirements per block, the protocol enhances network efficiency and transaction throughput.
 
- **Decentralization**: Random node selection from a larger subset mitigates centralization risks, ensuring a more distributed network.
 
- **Security**: The protocol's randomness and decentralization bolster the network's resilience against attacks, promoting trust and integrity.

**Safety Measures**:
To uphold the integrity and security of the protocol, rigorous safety measures are implemented:

- **Verification Process**: Nodes undergo a verification process to ensure authenticity and integrity, preventing Sybil attacks and ensuring trustworthiness.
 
- **Consensus Integrity**: By involving multiple randomly selected validators, consensus integrity is maintained, enhancing the security of the blockchain ledger.

**Conclusion**:
The Randomized Node Consensus Protocol represents a significant leap forward in blockchain consensus mechanisms. Its innovative approach promises to address key challenges in scalability, decentralization, and security, paving the way for a more robust and resilient decentralized ecosystem.

I invite you all to share your thoughts, insights, and feedback on this  protocol. Together, let's explore the potential of the Randomized Node Consensus Protocol and its implications for the future of blockchain technology.

Looking forward to our engaging discussions!

Best regards,

EDUART CUPI