So DFINITY released a white paper on their consensus algorithm which describes some novel methods to solve the issue of scaling in blockchain networks. The white paper is very technical but their website has enough stuff that explains what they are trying to achieve. Note that DFINITY is a new Blockchain network (like Bitcoin, Ethereum, NEO)
The main things that caught my attention are;
- Random Beacon design based on the Threshold Relay concept to achieve consensus (more secure, sybil resistant)
- Blockchain Nervous Sytem (BNS) to bring about a governance mechanism based on “The AI is Law” paradigm
Here's the blog post by Timo Hanke, Head of Engineering DFINITY - https://medium.com/dfinity/dfinity-white-paper-our-consensus-algorithm-a11adc0a054c
I'm pretty excited about DFINITY, think it will be massive for Enterprise adoption of blockchains. What do you guys think?
