4 ms·
That paper is quite old, and I believe its objections are addressed by new PoS systems. In particular "costless simulation" is addressed by using cryptographica
by AlexCoventry 5y ago
That paper is quite old, and I believe its objections are addressed by new PoS systems. In particular "costless simulation" is addressed by using cryptographically verifiable randomness, e.g. the VRF-based lottery in Algorand, and the VDF in Eth 2.0.