From: Stephen Reed <stephenreed@yahoo.com>
To: "bitcoin-development@lists.sourceforge.net"
<bitcoin-development@lists.sourceforge.net>
Subject: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper
Date: Tue, 20 May 2014 09:12:53 -0700 (PDT) [thread overview]
Message-ID: <1400602373.46778.YahooMailNeo@web160501.mail.bf1.yahoo.com> (raw)
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I completed a whitepaper for Bitcoin a proof-of-stake version which uses a single nomadic verifiable mint agent and distributed replication of a single blockchain by compensated full nodes to achieve 6-hop, sub-second transaction acknowledgement times. Plus it pays dividends to holders instead of wasting it on miners. Subsidized transaction fees are thus lower.
https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE
Because the code is not yet written, this idea is half-baked so to speak. Comments appreciated on my project thread, which will be a development diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a year of public system testing, and conditioned on wide approval.
https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403
-Steve
Stephen L. Reed
Austin, Texas, USA
512.791.7860
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next reply other threads:[~2014-05-20 16:13 UTC|newest]
Thread overview: 4+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-05-20 16:12 Stephen Reed [this message]
2014-05-20 16:42 ` [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper Nick Simpson
2014-05-21 15:52 ` Benjamin Cordes
2014-05-21 6:47 ` Odinn Cyberguerrilla
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