This chapter examines the future of distributed ledger technology from the perspective of the evolution of consensus mechanisms, discussing which new consensus mechanisms could replace proof of work. These include directed acyclic graphs, proof of stake and proof of burn. For those more mathematically inclined, this part also explores the dynamics of consensus mechanisms from a mathematical perspective.
Dimitri, N. (2022). Consensus: Proof of Work, Proof of Stake and Structural Alternatives. In N. Vadgama (a cura di), Enabling the Internet of Value. Future of Business and Finance (pp. 29-36). Springer [10.1007/978-3-030-78184-2_4].
Consensus: Proof of Work, Proof of Stake and Structural Alternatives
Dimitri N.
2022-01-01
Abstract
This chapter examines the future of distributed ledger technology from the perspective of the evolution of consensus mechanisms, discussing which new consensus mechanisms could replace proof of work. These include directed acyclic graphs, proof of stake and proof of burn. For those more mathematically inclined, this part also explores the dynamics of consensus mechanisms from a mathematical perspective.
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https://hdl.handle.net/11365/1329939
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