3 ms·
What are your concerns about the safety of this technology?
by fedotovcorp 8y ago
What are your concerns about the safety of this technology?
- lucozade 8y agoI can't find anything concrete about the consensus protocol, can you help? From what I've found out, to add a block the following happens: A set of 10 masternodes are randomly selected from the pool of masternodes. The probability of selection is somehow weighted by the node's reputation. Q. How do the masternodes agree on that random selection? Once 10 are selected, each creates a block and shares it with the other 9. One is selected. Q. How do they agree on that one? The winner gets a reward, adds the block and then the process is repeated. This seems reasonable. Have I got this right? If so, it strikes me that the strength of the protocol is in the answer to the first question (not sure why there are 2 stages, why not just pick 1?).
- fedotovcorp 8y agoYes, it is right. You can read more about the concept of consensus here: https://medium.com/remme/proof-of-service-consensus-algorithm-overview-57c359290207 https://medium.com/remme/proof-of-service-consensus-algorith... It is still under development, hope I can share tech docs about its implementation soon. 2 stages are important for raising the speed of certificate generation that is critical for that sphere.