Closed xaur closed 5 years ago
0xmzz
commented
5 years ago Stake Compliant Proof of Work (SCPoW) Fork Resistant Proof of Work (FRPoW) Supermajority Proof of Work (SPoW) Qualified Majority Proof of Work (QMPoW)
*PoW in the above can be replaced by "Consensus" as well.
xaur
commented
5 years ago Discussion continued here, Multifactor Consensus (MFC) gained some support.
noahpierau
commented
5 years ago Multifactor Consensus (MFC) gained some support.
Yes, this was the most popular alternative to hybrid consensus. Personally I wouldn't abbreviate, since it isn't a known concept yet.
hypernoob
commented
5 years ago The suggested names can be categorized into 4 groups.
| acronym(s) | full |
|---|---|
| hPoWaS | hybrid Proof of Work and Stake |
| hPoWPoS | hybrid Proof of Work Proof of Stake |
| hPoWS | hybrid Proof of Work Stake |
| PoWaS | Proof of Work and Stake - "PoWaS to the people!" |
| PoWPoS, PoW/PoS, PoW+PoS | Proof of Work Proof of Stake |
| acronym(s) | full |
|---|---|
| APoW | Approved Proof of Work |
| PoAW | Proof of Approved Work |
| PoWSA | Proof of Work Stakeholder Approved (note: autotranslates to 'power') |
| RPoW | Ratified Proof of Work |
| SAPoW | Stake Approved Proof of Work |
| SVPoW | Stake Validated Proof of Work |
| VAPoW | Voter Approved Proof of Work |
| acronym(s) | full |
|---|---|
| 2FC, TFC | Two Factor Consensus |
| ePoW-2FC | enhanced PoW - Two Factor Consensus |
| FRC, FRPoW | Fork Resistant (Consensus | Proof of Work) |
| MFC | Multifactor Consensus (lots of support here) |
| PoG | Proof of Governance |
| PoSITG | Proof of Skin in the Game |
| PoV | Proof of Vote |
| QMC, QMPoW | Qualified Majority (Consensus | Proof of Work) |
| SC | Stratified Consensus (first used in Dec 2015) |
| SC, SMC, SPoW, SMPoW | Supermajority (Consensus | Proof of Work) |
| SCC, SCPoW | Stake Compliant (Consensus | Proof of Work) |
| SGC | Stratified Gamification Consensus |
| acronym(s) | full |
|---|---|
| DCA | Decred Consensus Algorithm |
| PoC, PoA, PoU | Proof of (Agreement | Concord | Consensus | Unity) |
| PoD | Proof of Decision |
| PoP, PofP | Proof of Participation |
Personally I prefer group 2. All names in group 2 include "Proof of Work" which is widely regarded as a very secure consensus mechanism therefore they suit Decred's hypersecure brand. Describing how the consensus works also prevents projects with different security models from claiming to have the same consensus (e.g. a hypothetical PoW/dPoS coin can say they are MFC too) and thus diluting our brand.
noahpierau
commented
5 years ago This issue can be closed, in my opinion.
We decided to stick with hybrid PoW+PoS in the messaging document. Most of us agreed that multifactor consensus is another good way of describing it, but since hybrid PoW+PoS is already well known we will keep using that (rather than focusing our efforts on something new).
xaur
commented
5 years ago Agreed, closing. If this discussion resurfaces, link them here and reopen as needed.
xaur
commented
5 years ago Name for Decred's consensus model and protocol upgrade process was mentioned again in this reddit thread. Proof of Vote was suggested again.
And if we want to get real technical in identifying what it actually is, then staking is a bit of a questionable term to describe the system as it means risking something. In Decred you don't risk any DCR, apart from opportunity cost, as your full funds will be returned whether your ticket votes or not. The system in Decred would maybe be better described as Proof of Vote. Which is a nice lead into the governance aspect.
We vote on blocks, vote on proposals, vote on blockchain changes. And for this voting participation the ticket holder gets rewarded.
hypernoob
commented
5 years ago I disagree you have to risk (losing/destroying) DCR to call it staking as it isn't the case in other PoS coins. Ultimately Decred blocks are produced by PoW miners so IMO it shouldn't be excluded from the name.
Discussed here.
Candidates: