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Building a truly decentralized system with a distributed key generator
- shacksprings 8y agoWhy do no other blockchains use key generation like this? Is it really needed?
- Sardonosphere 8y agoprobably because most networks aren't truly decentralized
- madninja 8y agoA number of blockchains allow the miners to choose the transactions they include in a mined block. This adds additional challenges around miners picking the highest paying transactions, or worse, specifically/maliciously excluding transactions. Threshold encryption means we can have (1) transactions be encrypted and only inspected _after_ they have been accepted as part of a block, and (2)break any deadlocks in consensurs agreements. Helium isn't the only one using DKGs but they're certainly not trivial to implement well.
- t0kenasian 8y agoThis demonstrates that other blockchains really should consider how far we can or should take decentralization. Andrew Thompson certainly has taken this idea to the next level.