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arXiv · 1411.1101

The Decrits Consensus Algorithm: Decentralized Agreement without Proof of Work

Ryan Pfeiffer
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Abstract

Decrits is a cryptocurrency in development that makes use of a novel consensus algorithm that does not require proof-of-work. This paper describes how the Decrits Consensus Algorithm (DCA) is as trustless as a proof-of-work algorithm while offering superior transaction security at virtually no cost.

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Ryan Pfeiffer. 2014-11-04. The Decrits Consensus Algorithm: Decentralized Agreement without Proof of Work. https://arxiv.org/abs/1411.1101

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