Blockchain without Waste: Proof-of-Stake
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DOI: 10.1093/rfs/hhaa075
Abstract: Permissionless blockchains require a protocol to generate consensus. Many prominent permissionless blockchains employ Proof-of-Work (PoW) for that purpose, but PoW possesses significant shortcomings. Various alternatives have been proposed. This paper provides the first formal economic… read more here.
Keywords: pow; stake; proof stake; waste proof ... See more keywords