Short Paper: PoSH Proof of Staked Hardware Consensus

Rami Khalil; Naranker Dulay

Paper 2020/1176 Original: eprint.iacr.org/2020/1176 ↗

Short Paper: PoSH Proof of Staked Hardware Consensus

Rami Khalil

Naranker Dulay

Abstract

This paper introduces the PoSH Consensus protocol, a novel work-in-progress construction for achieving Sybil-resistant Nakamoto-style probabilistic consensus on the contents of a cryptocurrency ledger in a permissionless decentralized network where parties stake their hardware’s computational power towards participation in leader election. PoSH aims to establish an openly mintable cryptocurrency that eliminates the requirement for block rewards and disincentivizes mining pools.

Metadata

Available format(s): PDF
Category: Cryptographic protocols
Publication info: Preprint.
History: 2020-09-25: last updated; 2020-09-25: published
Short URL: https://ia.cr/2020/1176
License: https://creativecommons.org/licenses/by/4.0/

BibTeX

@misc{cryptoeprint:2020/1176,
      author = {Rami Khalil and Naranker Dulay},
      title = {Short Paper: PoSH Proof of Staked Hardware Consensus},
      howpublished = {Cryptology {ePrint} Archive, Paper 2020/1176},
      year = {2020},
      url = {https://eprint.iacr.org/2020/1176}
}