Open xaur opened 5 years ago
https://en.wikipedia.org/wiki/Proof-of-stake as of 2019-01-11
Decred's hybrid proof-of-work and proof-of-stake, in which proof of stake is an extension dependent on the proof-of-work timestamping, based on the "proof of activity" proposal, which aims to solve the nothing-at-stake problem by having proof-of-work miners mining blocks and proof-of-stake acting as a second authentication mechanism.
Discussed here, suggested replacement:
Decred's consensus system is based on a proposal called memcoin2, which has much in common with and was developed independently of Proof-of-Activity.
https://www.coinbureau.com/blockchain/proof-of-activity-explained-hybrid-consensus-algorithm/
Currently there are only two coins I was able to locate that use the hybrid proof of activity protocol. Decred is one and Espers is the other. Both use a variation on the proof of activity, where each block uses either PoW or PoS.
Please add this one to the list: https://wiki.trezor.io/Decred_(DCR)
Decred page at CryptoCompare mentions PoA on the Details tab (captured here)
Livecoinwatch Decred page also call it PoA (captured here)
https://www.coindesk.com/price/decred :facepalm:
It forked bitcoin to enable a hybrid consensus system combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) into the novel Proof-of-Activity (PoA).
In the discussion started here @noahpierau discovered multiple places that state that Decred is influenced by PoA:
Some links even have a PoA subpage.
Do what is possible to update these resources with a correct statement regarding the relation with the PoA paper. Check this chat for background on Decred's relation with PoA.
If an article described in #4 is ready by then, ask to add a link to it to these resources.