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Proof of work is replaced with lottery which determines a set of verifiers. Choosing verifiers is based on external oracle (e.g. average temperature for group
by exo762 11y ago
Proof of work is replaced with lottery which determines a set of verifiers.
Choosing verifiers is based on external oracle (e.g. average temperature for group of cities).
Prevention of sybil attacks is proposed in three forms:
* annual fee enforced by the system
* proof of stake
* external authority
Paper itself is full of weasel words. "Very", "efficient" etc are repeated over and over. Also, 3 patent applications.
At first glance it does not look like an improvement over Bitcoin, because it does not work.
- kushti 11y agoIt's not improvement, but the replacement. Could be useful for some use cases at least. Also, there are different implementations possible, so it's pretty reckless to say it "does not work". It's the most innovative proposal in the blockchain tech for last months, but more investigation is needed definitely.