Re: NEM Official Thread - Redemption ends[Updates&Discussion]
So since i own a stake in this thing i guess i may as well understand how the heck it works. Its proof of stake i assume. Does it use deterministic random like nxt or coin age like ppc or something else?
its not pos..
http://cointelegraph.com/news/113698/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
uses coin age afaik as it takes about 30 days for all your XEM to vest after its been sent.. not sure about the tech stuff
Well I'm pretty skeptical that their sybil mitigation techniques will completely eliminate all sybil attack vectors. They may help to minimize the effectiveness of sybil attack vectors but probably not more than that. Does anyone have any links to more technical specifics behind the consensus algorithm? That article was too vague.