New answers tagged proof-of-stake
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Here are some closely related observations on the topic that might help other newbies like me to understand PoS. I spend a couple of hours trying to put things together and to be honest coming from the PoW background it was quite difficult to really grasp why PoS works the way it does. Especially difficult to understand was how does PoS prevent gaining ...
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Forking in proof of stake.
Like the algorithm outlines, one particular validator is pseudo randomly selected for block addition. But yet there can be forks because:
Say a particular block A is present as root. Now a validator X adds block B. Now Block X has the chain A->B. But if there is network problem in X, the block B might not reach other nodes. So ...
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Novacoins implementation of GetPoSKernelPS() does a splendid job to calculate the effective network staking weight. Someone wondering about the 4294967296.0 constant, see here: https://en.bitcoin.it/wiki/Difficulty#What_is_the_formula_for_difficulty.3F
However the value returned by GetPoSKernelPS() when used for staking reward time estimation does distort ...
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