SF Bitcoin Devs Hack Day: Proof-of-Stake And Its Improvements

Nxt developer & smartcontract.com (http://smartcontract.com/) cofounder Alexander Chepurnoy will give a detailed description of an Nxt-like proof-of-stake consensus algorithm & possible known improvements of it. Different attacks on the algo (short & long private forks, history attacks, and the very famous Nothing-at-Stake attack) will be considered along with simulation results. An innovative approach for proof-of-stake consensus improvement will then be presented. Finally, after a brief overvi…