Quote from: nofork_man on December 16, 2017, 05:20:53 PM

is it pos or pow coins?? thx in advance for the response

mFBA = FBA + POS (modified Federated Byzantine Agreement by BOScoin)
https://medium.com/@boscoin/dpos-mfba-c84bae2e21ae

How is the modified federated Byzantine agreement(mFBA) algorithm different?

In addition to FBA, the BOScoin consensus protocol also applies a Proof of Stake feature for the maintenance of the governance system. Users can freeze coins in units of 10,000 BOS within a node and forgo liquidity in return for newly issued BOScoin(similar to interest on savings) based on the total number of frozen coin in the node. The frozen coins in the node then act as both an economic incentive to operate a node as well as collateral for the security and integrity of the information held in the nodes blockchain. According to the pre-set rules, if the node is discovered to have forged the blockchain on the node, the frozen coins are forfeited to the Commons Budget.

This talk presents the Stellar consensus protocol, the first provably safe federated Byzantine agreement protocol. Unlike prior Byzantine agreement protocols, which presuppose unanimous agreement on system membership, a federated protocol allows the set of participating organizations to grow organically over time. Using consensus, organizations cement one another's commitments into a public history that bad actors cannot rewrite or fork. Applications of the technology include timestamping documents, preventing certificate authorities from issuing fraudulent duplicate certificates, and efficiently securing transaction settlement in digital markets.

The Stellar protocol gives individual participants control over whom to trust and how much to trust them. It follows the paradigm established by Internet routing, in which an organization's importance is determined not by any central authority but by individual, pairwise peering arrangements. Compared to other decentralized consensus mechanisms, such as the proof-of-work and proof-of-stake schemes popular in digital currencies, federated consensus decouples trust from resource ownership and requires no assumptions about the rational behavior of attackers. The protocol presented forms the backbone of the next-generation Stellar financial network, a decentralized digital marketplace in which people can efficiently exchange currencies and send money

boscoinsale

Posts

Merits