Cryptocurrency: Random Coin Reading
https://github.com/globatio/wiki/wiki/Whitepaper A fast decentralized distributed ledger would be highly resilient while allowing the distributed consensus to support very fast transactions and new applications. Whereas, many projects either choose proof-of-work or proof-of-stack for consensus and thus display either slow processing or centralization, we propose a mechanism in which both techniques work together in order to find a trade off between decentralization and scalability. Initially, the native cryptocurrency is created in the mainchain through a very secure decentralized (but also slow and restricted) proof-of-work mining and then can be stacked to initiate or participate in a sidechain with very fast proof-of-stack mining. Sidechain miners collect sidechain transactions fees of the block they produce and need to behave honestly in order to be able to transfer the fees they collect and have a good return from the amount they have stacked. Mainchain miners collect mainchain transactions fees and mining reward while overseeing sidechains miners in order to be able to accept the transactions from a sidechain to the mainchain. https://bitcoinroyale.org/bitcoinroyale.pdf Bitcoin Royale: Peer-to-Peer No-Theft Electronic Gold Ian Duoteli Fleming ianduoteli@protonmail.com bitcoinroyale.github.io Satoshi Nakamoto’s original vision for Bitcoin was to create a peer-to-peer version of electronic cash. The majority of successful forks of the protocol try to improve on this vision further and provide a more scalable and efficient system for payments. We see Bitcoin’s greatest promise not as a medium of exchange but as a store of value - a better form of gold, not cash. We propose a set of modifications to the original protocol aimed at fulfilling this promise by creating the ultimate electronic store of value. By increasing Bitcoin’s effective transaction confirmation time of 10 minutes to 24 hours, we are able to tackle Bitcoin’s greatest flaw as a form of gold - susceptibility to theft. A system geared less towards paying for coffee and more towards holding one’s life savings with complete peace of mind, where every transaction is alerted on-chain for 144 blocks and can be canceled on emergency with a recovery key that was never used prior and hence invulnerable. The bootstrap of this system is not via hard fork but through a fairer mechanism of expedited mining, allowing the system to catch up to Bitcoin in a short period of time.
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