POW, POS, dBFT, dPOS, POA, POP, much protocols, very proof - page 2.

trgnn

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Quote from: trgnn on April 02, 2019, 01:19:01 PM

Also, Pos isn't a consensus but a way to implement a consensus. You can implement the Nakamoto consensus in both Pos and Pow fashions.

Can't disagree, even though i think it's part of consensus. But most people say that as simplification.

Quote from: trgnn on April 02, 2019, 01:19:01 PM

I understand the pro and cons part and totally agree on this. Let's say I'd like to read comparaison with tech, pros and cons explained.

There's plenty comparison or/and pros/cons explained on Medium, but many of them only focus on pros or cons. Few example :
https://medium.com/@OhGodAGirl/the-problem-with-proof-of-work-da9f0512dad9
https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2
https://hackernoon.com/is-proof-of-stake-really-the-solution-2db68487f4ba

Thanks a lot! I will read throught all of these.

trgnn

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I'm afraid there's no suitable paper for each consensus protocol since each cryptocurrency/blockchain have their own implementation of a consensus protocol.
PoS is one of consensus protocol with most diverge details/implementation, from minimum coins staked, minimum coin-age, how they solve nothing-at-stake problem, punishment model for attacker, etc.

If you only need high-level explanation, medium article would be sufficient : https://medium.com/@wahabjawed/consensus-protocol-of-distributed-ledger-technology-c61526490e60
For implementation, i guess you need to see source code of cryptocurrency/blockchain.

Quote from: trgnn on April 02, 2019, 09:05:45 AM

Also, what is the best permisonless solution for you and why ?

Each consensus protocol have it's own pros and cons, so the best strongly depends on what you need/want and what you don't need/hate.

Thanks for the answer ! Also, Pos isn't a consensus but a way to implement a consensus. You can implement the Nakamoto consensus in both Pos and Pow fashions.

I understand the pro and cons part and totally agree on this. Let's say I'd like to read comparaison with tech, pros and cons explained.

darosior

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Quote from: trgnn on April 02, 2019, 09:05:45 AM

Hey guys,

The more I read about crypto, the more I trade, the more I invest and the more I'm interested into the tech side of crypto. However, we have been invaded by marketers and I now have hard time to differenciate real protocols implementations and marketing buzzwords. I'm looking for a paper or a medium article exploring the majors different protocols and the ways to implement them so if you guys know one, please share !

Hi,

I don't have any paper but I can point you a buzzword : "Blockchain". The block chain is used to store transactions in Bitcoin and has been used to name almost anything (and in most cases, according to me, in an effort to blur the real disruptive technology which is Bitcoin).

Quote from: trgnn on April 02, 2019, 09:05:45 AM

Also, what is the best permisonless solution for you and why ?

What are you talking about ? The best consensus method ? It depends on what you want : for example the SCP (Stellar Consensus Protocol) is very efficient but also quite centralized, and the Proof of Work permits the more decentralization and security, given that the network has a big hashrate (which Bitcoin has). The only drawback (again, according to me) is centralized pool mining.

trgnn

full member

Activity: 756

Merit: 103

Hey guys,

The more I read about crypto, the more I trade, the more I invest and the more I'm interested into the tech side of crypto. However, we have been invaded by marketers and I now have hard time to differenciate real protocols implementations and marketing buzzwords. I'm looking for a paper or a medium article exploring the majors different protocols and the ways to implement them so if you guys know one, please share ! Also, what is the best permisonless solution for you and why ?

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