Delegated-proof-of-stake is markedly different from Proof-of-Work and Proof-of-Stake in that it's permissioned by stakeholders -- meaning 'decentralization' can be cryptographically enforced. Bitshares developer Fabian Schuh explains what this means in terms of security.
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Delegated Proof-of-Stake, detailed: https://bitshares.org/technology/delegated-proof-of-stake-consensus
"House of the Rising Sun" by Animals: https://www.youtube.com/watch?v=5A-4VGfx5lU
Only three witnesses with POS and Proof of disassociation are required to verify a block. In reality more 24/7 witnesses are necessary for a valid and consistent verification consensus. That lower limit needs to be discovered to maximize scaleability. Security can be enhanced by purposeful and random injection of faulty data which will of course be rejected by the consensus which will also verify the origin of the data as being "in house" but which any hacker won't be privy to and will be instantly discovered and ejected with wallet lockout. That tiny amount of additional data is insignificant relative to the ether that will be freed up by minimizing the block mining to almost zero. Full node miners can be appointed and paid by voting. Activity failure will result in them being fired. Simple huh? That's ether reduced cryptographically enforced decentralization of the ledger.
Democracy Coin! = Bitshares. This is the opposite of bitcoin. DPoS requires trust and so does democracy. The democratic process is such a sterling example to build a consensus algorithm around. Its worked out so well.
Don't buy bitshares. You'll get stuck with bags. Simply open up the full chart of BTS since the beginning. It is virtually impossible for it to go to new heights due to the massive layers of bag holders it would have to drill through. Don't fall for it. Stay away from BTS. There are way more better crypto's out there that actually are going up in value due to the tech behind it. A little research goes a long way. BTS is risky as fuck. Don't fall for it, and know this channel's primary purpose is to push people into BTS and out of bitcoin. Trust me, at the end of the day all this biash wants is your Bitcoins.
+Michael D Make up your mind; is the tech what's important, or the graph? This decrypt episode has just made quite clear that Bitshares has significant advantages that both Lisk and Ethereum devs find compelling. Best of luck with your BTS short position. I tried that once. Very dangerous trade to do with a coin that has such negligible POS emission. Stick to shorting Litecoin.
Specifically, I thoroughly enjoyed this episode.
Generally, its clear you belong "in front" of the camera. Am I to assume the manservant should NOT be on camera? Has the manservant EVER been on camera? Does the Daily Decrypt have a written policy on when the manservant is unshackled and what activities he is allowed?
Apologies if this is prying...
no, about $20 total.
I mined a buttload of them, traded some ... doge I think for a buttload more, wound up with millions thinking I'd hold them till some whale decided to pump them... but instead traded them in for a couple LTC, when it was about $10.
Surprised to see it was brought back from the dead, but would rather see it drop back down and out of the way.
Delegated is the same as delegates, which separates voters from their votes and so is thus less decentralized than POW in the pure sense.
There are arguments against POWs resiliency to centralization, most notably by James D'angelo, whos points deserve to be considered IMO.
To put it in a very general sense DPOS is designed to overcome the "Stake Grinding" attacks that POS is vulnerable to. But DPOS still needs to be criticized for its own susceptibility to centralization. The original intent of POW was 1 CPU 1 vote, any deviation from that starts running into a tangle of abstraction.
Overall a good report :-)
Thats a very good question. There are a whole panoply of POW algo out there that try to be ASIC resistant in different ways, such as Dagger X11(used in Dash), memory intensive algos such as Scrypt in Litecoin and so on. But any of them can be turned into an ASIC if the incentive A.K.A. mining profit where there.
This is actually a very academic subject, I think James D'Angelo would be a first-class guest who could answer your question in greater depth. :-)
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