Post
Topic
Board Altcoin Discussion
Re: Decentralized Timestamp
by
ChuckOne
on 21/05/2014, 14:11:45 UTC
Well, it is not that easy, though. You need to wait at least 1441 blocks for a new account being able to forge.

During this period, real-world randomness could easily destroy the ability to forge of your carefully crafted account.

Furthermore, we are going to introduce more entropy in order to predict the next say 20 forgers (which is required to have a high transaction rate) but after that it is completely random.

I wondered about that. 1440 is too many blocks to correctly guess unless everyone does forge when they are allowed to.

Exactly. Even balances could change dramatically to change the forging queue of future blocks.

In any case, we would like to increase the uncertainty to 100% after n blocks where n << 1440.

We have approaches reaching from forking the network deliberately to using reverse hashchains to include random numbers into blocks. These random numbers get included into the generation signature and make the forger prediction impossible after n blocks.