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arXiv · 1601.00275

Interactive Proof-of-stake

Alexander Chepurnoy
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Abstract

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 communication into block generation. The protocol is checked against known attacks. It is shown that Interactive Proof-of-stake is more secure than current pure Proof-of-stake protocols.

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Alexander Chepurnoy. 2016-01-11. Interactive Proof-of-stake. https://arxiv.org/abs/1601.00275

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