Cryptocurrency: Random Coin Reading

[grarpamp]

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 at 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.