Is this the same as proof of burn? On Apr 5, 2017 5:28 PM, "Mirelo via bitcoin-dev" < bitcoin-dev@lists.linuxfoundation.org> wrote: > With the feedback on Proof-of-Loss (always privately to my email), I > realized the article was hard to understand for lacking: > > * A more explicit definition of transaction rights. > * An overview of how the algorithm works. > > As an abstract could not contain all that, I wrote an introduction with > examples. > > I also adopted a suggestion of including the current block height in the > proof-of-loss data once I realized: > > * Preventing the same proof-of-loss from chaining consecutive blocks was > not the purpose of the proof-of-loss context, which did it statistically > rather than logically. > * The presence of that height in the block header made serial chaining > easier to enforce, by removing the need to include additional block height > information. > > While revising the algorithm, I made some corrections, mainly to: > > * Transaction prioritization (which now uses fees instead of rights). > * Inactivity fees. > > Finally, the new version more aptly derives the design and often has > better wording. > > The new text is available at: > > https://proof-of-loss.money/ > > Mirelo > > > > -------- Original Message -------- > Subject: Proof-of-Loss > Local Time: February 4, 2017 10:39 AM > UTC Time: February 4, 2017 12:39 PM > From: mirelo@deugh-ausgam-valis.com > To: bitcoin-dev@lists.linuxfoundation.org linuxfoundation.org> > > An alternative consensus algorithm to both proof-of-work and > proof-of-stake, *proof-of-loss* addresses all their deficiencies, > including the lack of an organic block size limit, the risks of mining > centralization, and the "nothing at stake" problem: > > *https://proof-of-loss.money/ * > > > > > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > >