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AXIOM Brief Status Update - Monday, August 3rd, 2015



Acknowledging the private GPU miner problem

It is our core belief that the only means of advancing this technology, is to take the problems and demands on directly. The community has spoken, the current GPU miner has lead to stress from many of our investors, though we do not currently consider the GPU miner to be a threat to the actual fairness of the coin, with the current hash rate, adjusting block rewards, staking and  scalability when compared to the ease of use, electrical costs, and widespread availability of the CPU. Everyone with a computer owns a CPU, anyone can mine AXIOM with a click of a button not everyone owns a GPU. Currently the CPU mining power on the network grossly outweighs that of the GPU.



Hardening the algorithm for further GPU resistance

We have spent the last several days researching different algorithms that may solve our current needs for continued GPU resistance.

We will be making these methods and the dates of our planned implementations public during this week of Monday August 3rd.

We are testing raising memory requirements and possibly using disk I/O as part of the algorithm.

If testing is successful and algorithm changes do not put too much strain on regular wallet users, AXIOM POW algo will be hardforked to AxiomMemHash 2.0.



POS 2.0 Security and fairness weaknesses

While monitoring the blockchain and block propagation during the incredibly competitive AXIOM DPOS, we’ve identified several major weaknesses in the current POS 2.0 code.

Difficulty target based on coin input size can be modified by rogue actors.

Time-distribution of coin inputs can be used by rogue stakers to stake more frequently.

Selfish-miners can stake more efficiently by skipping validation and inclusion of transactions from the memory pool.

Custom stake miners can be multi-threaded, hash at full speed, and outperform other wallets running less efficient single threaded stake miner.



AxiomPOS (POS 3.0)

AxiomPOS, or POS 3.0, is our next generation proof-of-stake protocol, incubated after conducting extensive research experiments and  identifying numerous serious concerns and exploitable deficiencies in the popular “PoS 2” protocol, which can be used to game the stake system for significant advantages at minimal cost.  Presently ALL alt coins using the PoS 2 protocol are susceptible to these methods. We are well aware the above statements will cause controversy, and a whitepaper is currently being drafted and edited to explain the aforementioned issues.





This is a short brief of our near-future plans. More information, details, timeline, and whitepaper will be released during this week of August 3rd.