4 ms·

> signing every block, to create a collaborative system that is perfectly suited for the same task. Indeed you can! We even have a name for that! Its called

by stale2002 1y ago

> signing every block, to create a collaborative system that is perfectly suited for the same task. Indeed you can! We even have a name for that! Its called a blockchain. > This maintains many benefits of the blockchain and lacks many issues (fast, simple, near zero cost, controllable to a given extent -- no takeover possible, ...). Blockchains can do all of these things. Perhaps you are thinking of "bitcoin", instead of "blockchains"? Bitcoin, something that was created a whole 17 years ago, indeed has many drawbacks compared to modern blockchains.

fruitworks 1y ago
such modern blockchains as "classical consensus"
antirez 1y ago
No bizantine distributed agreement (work / stake), no blockchain. Otherwise we can name everything as everything.
- stale2002 1y ago
  > No bizantine distributed agreement (work / stake), no blockchain. Actually yes there is a blockchain. The word you are looking for is "Federated Blockchain". https://101blockchains.com/federated-blockchain/ https://101blockchains.com/federated-blockchain/ > Otherwise we can name everything No, because we literally have a word for this already. Federated Blockchain. It is a well known concept.
- woah 1y ago
  There is no bright line difference between proof of stake and any other type of consensus, committee or voting body. Proof of work of course is very different.
  - antirez 1y ago
    The difference is enormous: in one case, you don't need any centralized N entities, just a big percentage of the network, whoever wants to participate, runs the protocol and there are no 50 institutions / companies that can block it without reaching the majority of work / stake. In the other case, you are delegating the consensus to a fixed amount of parties. Now, we against the crypto / blockchain shitstorm advertised the alternative of old-style federated consensus with N trusted organizations for years and years. And now, no: you can't say, this is a form of blockchain. You admit failure and acknowledge that classical consensus was good enough and even better in most cases.

fruitworks 1y ago

such modern blockchains as "classical consensus"

antirez 1y ago

No bizantine distributed agreement (work / stake), no blockchain. Otherwise we can name everything as everything.

stale2002 1y ago
> No bizantine distributed agreement (work / stake), no blockchain. Actually yes there is a blockchain. The word you are looking for is "Federated Blockchain". https://101blockchains.com/federated-blockchain/ https://101blockchains.com/federated-blockchain/ > Otherwise we can name everything No, because we literally have a word for this already. Federated Blockchain. It is a well known concept.
woah 1y ago
There is no bright line difference between proof of stake and any other type of consensus, committee or voting body. Proof of work of course is very different.
- antirez 1y ago
  The difference is enormous: in one case, you don't need any centralized N entities, just a big percentage of the network, whoever wants to participate, runs the protocol and there are no 50 institutions / companies that can block it without reaching the majority of work / stake. In the other case, you are delegating the consensus to a fixed amount of parties. Now, we against the crypto / blockchain shitstorm advertised the alternative of old-style federated consensus with N trusted organizations for years and years. And now, no: you can't say, this is a form of blockchain. You admit failure and acknowledge that classical consensus was good enough and even better in most cases.