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Algorand solves this by using a verifiable random function, with the output weighted according to the user's stake. It's quite elegant. Paper: https://eprint.ia
by SheinhardtWigCo 5y ago
Algorand solves this by using a verifiable random function, with the output weighted according to the user's stake. It's quite elegant. Paper: https://eprint.iacr.org/2018/377 https://eprint.iacr.org/2018/377
- jl2718 5y agoWhich is ... proof of stake. Literally vote allocation by wealth.
- SheinhardtWigCo 5y agoIsn't that desirable for a cryptocurrency?
- danbruc 5y agoAs long as you want the wealthy to make the decisions while getting more wealthy in the process, sure.
- Kbelicius 5y agoIsn't that also what proof of work is? I mean, it is far easier for me, a non wealthy person, to stake some pos coin than to mine some bitcoin.