BitShares Forum
Main => General Discussion => Topic started by: Amazon on June 03, 2014, 04:46:15 pm
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Found this article about Proof of Consensus, which required a plurality of the network to sign each block, rather than attempting to find a new person to sign each block. Lot of similarity to DPOS. And the author referenced BM's TsPOS article.
http://eprint.iacr.org/2014/330.pdf
Any flaw in the design?
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1) Complex agent vester negotations open up possible network attacks.
2) No blockchain but a static datalist of 36 megs for 1 million accounts.
a) no history stored by network
b) Cant resync myself with my private key
3) Hash calculation of the 36 meg datalist? Could be intensive as more accounts sign up and network activity ramps up at the same time.
Some questions I have.. is the balance view a one time snapshot and then transactions are rolled into blocks?
Is there even a blockchain at all?
How would I be able to resync my corrupt wallet if there is no blockchain and I didnt store transactions locally(imported private key into another platform).. This may be something useful in the future.