4 ms·
Algorand’s solution as originally stated is predicated on a non-colluding majority. At IACR when this algorithm was proposed, Silvio famously said as a counterp
by josh2600 2y ago
Algorand’s solution as originally stated is predicated on a non-colluding majority. At IACR when this algorithm was proposed, Silvio famously said as a counterpoint to the very apt criticisms that a colluding majority could defraud the protocol “my proof is that society exists!”
In the end I believe Algorand changed their algorithms to a more centralized approach for the sake of performance as fully distributed validation did not perform adequately. Please correct me if I’m wrong.
- sibeliuss 2y agoNetwork keeps getting faster, and more decentralized: https://algorandtechnologies.com/technology/solving-the-blockchain-trilemma https://algorandtechnologies.com/technology/solving-the-bloc... > Currently, Algorand blocks are produced in less than 3 seconds with instant finality. The network can process 10,000 transactions per second, and at a cost of a fraction of a cent per transaction.
- Mistletoe 2y agohttps://www.reddit.com/r/AlgorandOfficial/comments/u0n0mt/is_algorand_truly_centralized/ https://www.reddit.com/r/AlgorandOfficial/comments/u0n0mt/is... Unless this has changed since two years ago, the relay nodes are quite centralized.
- wslh 2y agoYes, full relay nodes were few and very centralized historically. Source: we have been working with Algorand since the beginning. BTW: we publish updated information about the protocol that you cannot find in the original papers [1]. [1] https://www.coinfabrik.com/blog/uncovering-a-trove-of-algorand-research-and-tools/ https://www.coinfabrik.com/blog/uncovering-a-trove-of-algora...