Thanks @nextgencrypto

l0k1 (69) in calibrae • 7 years ago (edited)

Steemit has been a waste of my time for most of the last 4 months. Thanks to @nextgencrypto for demonstrating why, and provoking me to learn exactly how.

calibrae witness election bft decentralized

7 years ago by l0k1 (69)

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gikitiki (60) · 7 years ago

Delegated Proof of Eligible Stake?

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1 vote

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l0k1 (69) · 7 years ago (edited)

Cooperative Proof of Work :) Because it is still randomised by PoW, but frequency of block production is enforced cooperatively, both by the witnesses themselves, who should use the same exact algorithm to decide which block to approve, and by the users, who decide which witness operator is the most worthy of the pay.

By the way, in Calibrae, users will be incentivised after signup, to vote on (one, only one is allowed, to stop collusion) a witness, by having the same amount extra added to their reputation value as the initial account creation requires (and this initial stake will be small and the accounts entirely unsuitable for use by bot operators, something like 48 votes per day and unrealisable minimum stake balance - power down is never allowed - and the reputation reduces the vote power, the only way to gain it is by being upvoted or followed).

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3 votes

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drt (6) · 7 years ago

good post
upvote.

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