4 ms·

This is pretty much how Proof-of-Stake (PoS) consensus cryptocurrencies function.

• GuB-42 4y ago
  No. Both proof-of-stake and proof-of-work are lotteries, not a voting system. In proof-of stake, you get a number of tickets based on how much you own, in proof-of-work, it is based on how much computing resources you spent, and there is only one winner per round. In both cases, you can pool with other players and share the gains, so you trade a very low probability of winning big to a more reasonable and steady income.
  • morelisp 4y ago
    Mathematically, lotteries are forms of voting, although by most measures not very effective. (Though they have one advantage over more common forms: At least one person's preference is guaranteed to be reflected exactly.) I don't think there's much in common with PoS though.
  • lawrenceyan 4y ago
    I should clarify. It's voting in the style of a representative democracy.