Post
Topic
Board Announcements (Altcoins)
Re: [ANN] eMulah (EMU) - NOT a BitCoin fork/clone - call for beta testers
by
timeofmind
on 31/05/2013, 20:33:31 UTC

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend.  I do not see any new solution to the Byzantine Generals problem in your answers.

What about a "unique node list"? As employed by Ripple.

https://ripple.com/wiki/Unique_Node_List

I'm also thinking there must be a way to mathematically achieve "proof-of-verification", ie. a type of proof-of-work that is less random, and has more utility toward making the system honest. ie. the work done to verify a set of transactions results in a mathematical proof/signature, that can be verified by other nodes. If one of the nodes finds out that you did not do the work (ie. tracing the transactions to that point shows an invalid transaction, or mathematical derivation is incorrect), then your node gets penalized or ignored.