Coin concentration of Proof-of-Stake blockchains

نویسندگان

چکیده

This paper studies the concentration of block production in selected Proof-of-Stake (PoS) blockchains and finds evidence consistent with participants entering leaving consensus process, thereby changing level, but not disproportionate compounding wealth for large stakes.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Interactive Proof-of-stake

The paper examines decentralized cryptocurrency protocols that are based on the use of internal tokens as identity tools. An analysis of security problems with popular Proof-of-stake consensus protocols is provided. A new protocol, Interactive Proof-of-Stake, is proposed. The main ideas of the protocol are to reduce a number of variables a miner can iterate over to a minimum and also to bring a...

متن کامل

Proof of Stake versus Proof of Work

Proof of stake is a consensus mechanism for digital currencies that is an alternative to proof of work used in Bitcoin. The main declared advantages of proof of stake approaches are the absence of expensive computations and hence a lower entry barrier for block generation rewards. In this report, we examine the pros and cons of both consensus systems and show that existing implementations of pr...

متن کامل

Bitcoin Cooperative Proof-of-Stake

A hard­fork reconfiguration of the peer to peer Bitcoin network is described that substitutes tamper­evident logs and proof­of­stake consensus for proof­of­work consensus. The block creation rewards and transaction fees are reallocated to establish and staff a secure financial data network capable of handling the world's transactions with subsecond response time. The new system pays dividends t...

متن کامل

Securing Proof-of-Stake Blockchain Protocols

Proof-of-Stake (PoS) protocols have been actively researched for the past five years. PoS finds direct applicability in open blockchain platforms and has been seen as a strong candidate to replace the largely inefficient Proof of Work mechanism that is currently plugged in most existing open blockchains. Although a number of PoS variants have been proposed, these protocols suffer from a number ...

متن کامل

A Scalable Proof-of-Stake Blockchain in the Open Seing

Bitcoin and blockchain technologies have proven to be a phenomenal success. Œe un-derlying techniques hold huge promise to change the future of €nancial transactions, andeventually the way people and companies compute, collaborate, and interact. At the sametime, the current Bitcoin-like proof-of-work based blockchain systems are facing many chal-lenges. For example, a huge amoun...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Economics Letters

سال: 2023

ISSN: ['1873-7374', '0165-1765']

DOI: https://doi.org/10.1016/j.econlet.2023.111219