From the Whitepaper:
Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.
So it's basically something like Ripple but using a DAG instead of sequential blocks.
Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.
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Reliance on witnesses is what makes Byteball rooted in the real world.
Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.
So it's basically something like Ripple but using a DAG instead of sequential blocks.
Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.
in the parts 4. Double-spends / 5. The main chain / 6. Witnesses of the whitelist u can see reviews for these cases.
I read those sections, but (the way I understand it at least) at some point the network still relies on trusted nodes to function, leaving it wide open to sybil attacks. The whole point of Bitcoin of course is that no nodes are 'special'.
Here are some quotes from the whitepaper:
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Total order is established by selecting a single chain on the DAG (the main chain) that is attracted to units signed by known users called witnesses.
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some of the participants of our network are non-anonymous reputable people or companies who might have a long established reputation...we’ll call them witnesses.
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a more practical approach to witness list management is tracking and somehow averaging the witness lists of a few “captains of industry”
