this is a difficult problem which we by no means attempt to solve from scratch
I suppose that PoH algorithm proposed by @aeyakovenko is exactly what you are looking for. It is clean, has necessary properties, works well with crypteconomic incentives and has PoC implementation. Interesting thing is that it has similar "relative" philosophy as FOAM. But instead of space he do it for time. Combining both can be truly exciting.
I suppose that PoH algorithm proposed by @aeyakovenko is exactly what you are looking for. It is clean, has necessary properties, works well with crypteconomic incentives and has PoC implementation. Interesting thing is that it has similar "relative" philosophy as FOAM. But instead of space he do it for time. Combining both can be truly exciting.