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@sktrdie Thanks for the links! Ok it seems at the moment Bitcoin uses some kind of a cumulative difficulty. P.S. Joining a network is implemented in the same w
by kushti 11y ago
@sktrdie Thanks for the links! Ok it seems at the moment Bitcoin uses some kind of a cumulative difficulty.
P.S. Joining a network is implemented in the same way usually for both PoW/PoS currencies.
- sktrdie 11y agoBy the way, if you're aware of any peer-reviewed papers out there that explain how PoS works, I'd be interested in reading them. Academia has been quite shy on the subject.
- kushti 11y agoUnfortunately, I dont' know any peer-reviewed proof of PoS (im)-possibility, threat model etc. Time is needed here probably, we got good formal framework of PoW only in 2014, 5 years after Nakamotos' WP(I mean Backbone's paper https://eprint.iacr.org/2014/765.pdf https://eprint.iacr.org/2014/765.pdf).