Proof of Stake

fleeting

• External reference: https://tezos.gitlab.io/active/proof_of_stake.html

proof of stake

• see,
  • blockchain,
  • consensus,

time	text
https://youtu.be/3x1b_S6Qp2Q&t=3636.69s	does that mean that the richer you are
https://youtu.be/3x1b_S6Qp2Q&t=3640.819s	so rich people are more like their
https://youtu.be/3x1b_S6Qp2Q&t=3646.95s	identities more right and this stable
https://youtu.be/3x1b_S6Qp2Q&t=3650.75s	yeah verifiable or whatever whatever the
https://youtu.be/3x1b_S6Qp2Q&t=3653.789s	right terminology is right and this is
https://youtu.be/3x1b_S6Qp2Q&t=3655.95s	definitely a copied critique I think my
https://youtu.be/3x1b_S6Qp2Q&t=3658.2s	usual answer to this is that like proof
https://youtu.be/3x1b_S6Qp2Q&t=3661.109s	of work is even more of that kind of
https://youtu.be/3x1b_S6Qp2Q&t=3662.64s	thing exactly yeah I didn’t mean it
https://youtu.be/3x1b_S6Qp2Q&t=3664.859s	investing there’s a criticism I think
https://youtu.be/3x1b_S6Qp2Q&t=3666.51s	you’re exactly right that’s equivalent
https://youtu.be/3x1b_S6Qp2Q&t=3667.859s	the proof of work is the same
https://youtu.be/3x1b_S6Qp2Q&t=3669.64s	kind of thing but before work you have
https://youtu.be/3x1b_S6Qp2Q&t=3673.059s	to also use physical resources yes and
https://youtu.be/3x1b_S6Qp2Q&t=3676.359s	burn computers and burn trees and all of
https://youtu.be/3x1b_S6Qp2Q&t=3678.339s	that stuff is there a way to mess with
https://youtu.be/3x1b_S6Qp2Q&t=3681.67s	the system of the proof of proof of
https://youtu.be/3x1b_S6Qp2Q&t=3683.92s	stake there is but you will once again
https://youtu.be/3x1b_S6Qp2Q&t=3686.319s	need to have a very large portion of all
https://youtu.be/3x1b_S6Qp2Q&t=3689.23s	the coins that are locked in the system
https://youtu.be/3x1b_S6Qp2Q&t=3690.73s	to do anything bad

Vitalik Buterin — https://youtu.be/3x1b_S6Qp2Q

Proof-of-stake means that participants in the consensus algorithm are chosen in function of their stake (the amount of tokens a participant has).

— https://tezos.gitlab.io/active/proof_of_stake.html

delegates’ rights are selected at random based on their stake

— https://tezos.gitlab.io/active/proof_of_stake.html

Tezos works with sets of tokens which are called rolls.

— https://tezos.gitlab.io/active/proof_of_stake.html

ensure that participants do not adaptively chose their nonces and therefore that the seed is not easily biased, participants in the protocol use a ‘’commit and reveal’’ scheme: in the previous cycle, they first commit to nonces and they only reveal their committed nonces later, in the current cycle.

— https://tezos.gitlab.io/active/proof_of_stake.html

Notes linking here

• cryptographic nonce
• delegated proof of stake
• liquid proof of stake

Permalink