4 ms·
what qbout zkp or vdf extensions to pos?
by lahoda-xyz 5y ago
what qbout zkp or vdf extensions to pos?
- runeks 5y agoPoS relies on the possession (“keeping secret”) of private keys. No matter what you do, private keys (information) can be stolen, including in a covert manner (in a way that no one discovers that anything has been stolen). PoW relies on hardware, for which the same problem does not exist.
- jacoblambda 5y agoThere's been some work done to work around this issue. One of the approaches is to keep an always offline "fallback" key that can be used to "lock" an account and transfer ownership to a new account in the case that a private key is leaked. https://eprint.iacr.org/2021/872 https://eprint.iacr.org/2021/872 This doesn't solve the issue entirely but it does provide a mechanism for recovering in the case of a major attack.