consensus
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README
Blockchain Consensus Encyclopedia Infographic
CONTRIBUTING
Introduction
Blockchain Consensus?
Glossary
Categorizing consensus
Chain-based Proof of Work
Proof of Work (PoW)
Proof of Meaningful Work (PoMW)
Hybrid Proof of Work (HPoW)
Proof of Work time (PoWT)
Delayed Proof of Work (dPoW)
Proof of Edit Distance
ePoW: equitable chance and energy-saving.
Semi-Synchronous Proof of Work (SSPoW)
Chain-based Proof of Stake
Chain-based Proof of Capacity/Space
Chain-based Hybrid models
Chain-based Proof of Burn
Chain-based Trusted computing algorithms
Chain-based PBFT and BFT-based Proof of Stake
Chain-based others
Chain-based DAG
Magi's proof-of-work (mPoW)
Common Attacks
Performance indicators
ThresholdRelay
Holochain
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Proof of Work time (PoWT)
Proof-of-Work-Time (PoWT) is a novel approach to forming a consensus by introducing a variable blocktime that scales with mining power, where the blockchain speeds up with power increases. This better scales the blockchain, increases transaction speed with power and allows for auto-adjusting more profitable mining. Difficulty dependent blocktime (Max ~6.2 minutes, minimum 15 seconds).
Blocktime dependent rewards (~Reward halving every minute decrease in blocktime till 10x VRC supply parity, then variable ~3% disinflation). Algo: scrypt² (N of 1024² or 128MB per thread) Block 1: 564,705 VRM minted for ICO participants who purchased VRM using VRC. Minimum Transaction Fee: 0.2 VRM (high commodity transaction fee paid to miners). RPC Port: 33987, P2Port: 36988 Confirmations: 30, Maturity: 100.

Used in

  • Vericoin
  • Verium

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Hybrid Proof of Work (HPoW)
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Delayed Proof of Work (dPoW)
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