Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] Bitcoin Cooperative Proof-of-Stake - CPoS
by
SlipperySlope
on 08/06/2014, 21:54:25 UTC

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.    


Indeed the CPoS response time has no relationship to the block creation cycle, as the single nomadic mint agent canonically timestamps each received transaction. The round trip number-of-hops is less with CPoS because the mint is the hub of an organized hub-and-spoke, super-peer network. I chose to keep the Satoshi precedence of 10 minute block creation intervals, for the sake of the Satoshi Social Contract - not for any other reason.

I believe that CPoS's optimum network configuration will permit more transactions at lower user fees. This is an indicator that I need to create and test.