Paper 2024/734 Original: eprint.iacr.org/2024/734 ↗
Proof of Stake and Activity: Rewarding On-Chain Activity Through Consensus
Abstract
We are introducing a novel consensus protocol for blockchain, called Proof of Stake and Activity (PoSA) which can augment the traditional Proof of Stake methods by integrating a unique Proof of Activity system. PoSA offers a compelling economic model that promotes decentralization by rewarding validators based on their staked capital and also the business value they contribute to the chain. This protocol has been implemented already into a fully-fledged blockchain platform called Bahamut (www.bahamut.io) which boasts hundreds of thousands of active users already.
Metadata
- Available format(s)
PDF- Category
- Cryptographic protocols
- Publication info
- Preprint.
- History
- 2024-05-13: last updated
- 2024-05-13: published
- Short URL
- https://ia.cr/2024/734
- License
- https://creativecommons.org/licenses/by/4.0/
BibTeX
@misc{cryptoeprint:2024/734,
author = {Aram Jivanyan and Karen Terjanian},
title = {Proof of Stake and Activity: Rewarding On-Chain Activity Through Consensus},
howpublished = {Cryptology {ePrint} Archive, Paper 2024/734},
year = {2024},
url = {https://eprint.iacr.org/2024/734}
}