Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] Bitcoin Cooperative Proof-of-Stake - CPoS
by
RSchexnayder
on 08/06/2014, 20:38:54 UTC
.
Could you point me to a writeup of your algorithm? Or if this is still exploratory, then could you explain more about how proof-of-stake works in your system to create new blocks? Does your system, like Satoshi's, permit a forking blockchain? Note that any such blockchain forks could confuse the user accessing the minority branch.
Steve

I have not tried to further define the algorithm, and I do not intend to. I certainly do not want to try to compete with you.

However, I do intend to try to spread the word on the concept. What I have tried to do, and what I think I have accomplished, is to describe an algorithm in such a way that a person familiar with programming techniques can understand how one can get average transaction times much smaller than half of the block time.