A greener bitcoin?

in #dlike2 years ago (edited)

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The traditional Bitcoin model relies on 'consensus' to guarantee the security of the transactions. It assumes that everyone in the distributed system is a suspect until proven innocent. 

What if we assume everyone in the distributed system is innocent until proven guilty and design a different model? 

That is exactly what the researchers from the Technical University of Munich, Germany have done. Labelled Byzantine Reliable Broadcast, the new system does not require a 'consensus' but just needs to prevent malicious behavior when it presents itself and it does so by simply ignoring the malicious player. 

This system allows for secure cryptocurrency transactions on a large scale at virtually zero energy cost. 

Click the link below to learn more.

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 2 years ago Reveal Comment