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Main => General Discussion => Topic started by: cob on December 30, 2013, 12:10:59 am

Title: assistance required to grasp PoS.
Post by: cob on December 30, 2013, 12:10:59 am

I've watched bitcoin under the hood, the blackboard series and the khan academy series on bitcoin. I've got a pretty good grasp on the technical side of it...  I'm no coder though!

Now what i don't get is how proof of stake works. Does anyone know of a good explanation floating somewhere online? Video, article, thread?
Something basic, 101, for dummies.

Thanks in advance!

Title: Re: assistance required to grasp PoS.
Post by: bytemaster on December 30, 2013, 12:21:29 am

Quote from: cob on December 30, 2013, 12:10:59 am

I've watched bitcoin under the hood, the blackboard series and the khan academy series on bitcoin. I've got a pretty good grasp on the technical side of it...  I'm no coder though!

Now what i don't get is how proof of stake works. Does anyone know of a good explanation floating somewhere online? Video, article, thread?
Something basic, 101, for dummies.

Thanks in advance!

There is no single proof-of-stake system.   I have a white paper in Transactions as Proof of Stake posted on this forum. 

I recommend googling 'Ripple Consensus Video' for a tutorial on how Ripple operates without Proof of Work.  We will be combining both strategies (Consensus + Proof of Stake)

Title: Re: assistance required to grasp PoS.
Post by: hammerbrain on December 30, 2013, 12:30:00 am

Might help  ;D

https://bitcointalk.org/index.php?topic=366142.0

Title: Re: assistance required to grasp PoS.
Post by: cob on December 30, 2013, 12:46:15 am

Yes I read your white paper about an hour ago. Helped but i'm looking for something realllly simplified just to visualise it first, then add some complexity to it.