Difference between revisions of "Proof-of-X"
From IridiaWiki
Jump to navigationJump to search| Line 24: | Line 24: | ||
== Disadvantages == |
== Disadvantages == |
||
| + | |||
| + | * Nothing at stake: Miners (voters) can vote on all forks of a blockchain |
||
Revision as of 21:34, 21 November 2016
General
Goal: Secure updating of a state
Block time: trade off between time
Proof of Work
- Right to create new block: be the first to solve a puzzle based on consumption of a resource external to the system
- Miners choose one of all possible forks to contribute to (or splits among chains but with reduced efficiency per chain)
Light Clients
Advantages
Disadvantages
Proof of Stake
Light Clients
Advantages
Disadvantages
- Nothing at stake: Miners (voters) can vote on all forks of a blockchain
