5 ms·
Apparently Loki has been renamed Oxen in the meantime. I'm curious if/how Session is usable without any form of "coin". EDIT: So apparently their tokens are us
by southerntofu 5y ago
Apparently Loki has been renamed Oxen in the meantime. I'm curious if/how Session is usable without any form of "coin".
EDIT: So apparently their tokens are used to form market-based Sybil resistance:
> This supply-demand effect is further reinforced by something called lock-up. If Oxen is staked to a Service Node, it can’t be moved or traded — meaning that the purchasable supply reduces as the number of Service Nodes increases. If a prospective attacker attempted to buy up a massive amount of Oxen (in order to stake a large number of nodes), the cost would ramp up as they purchased, making it extremely expensive to actually conduct a successful Sybil attack. [0]
I find their FAQ very unclear so far (haven't read the whitepaper yet), but from what i understand Session is free-to-use because the servers (Oxen Service Nodes) are remunerated by cryptocurrency speculation (lock-up) and block rewards. I find it worrying though, that the entire threat model relies on the financial cost to mount an attack... I hope like with Tor, many different circuits can be built in parallel.
[0] https://getsession.org/blog/how-session-protects-your-anonymity-with-blockchain-and-crypto https://getsession.org/blog/how-session-protects-your-anonym...