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Title: Tendermint - Consensus without Mining Post by: FastSlots on March 03, 2015, 11:40:01 PM Has someone read the Tendermint white paper? Would be interested to hear what people in the forum think about it.
Quote Abstract Cryptocurrencies such as Bitcoin enable users to submit payment transactions without going through a centralized trusted organization. Bitcoin relies on proof-of-work mining to secure consensus which is problematic; mining requires a massive expenditure of energy, confirmation of transactions is slow, and security is difficult to quantify. We propose a solution to the blockchain consensus problem that does not require mining by adapting an existing solution to the Byzantine Generals Problem. White paper: http://tendermint.com/docs/tendermint.pdf Tendermint homepage: http://tendermint.com/ Discussion on Hackernews: https://news.ycombinator.com/item?id=9138923 Title: Re: Tendermint - Consensus without Mining Post by: jl2012 on March 04, 2015, 02:59:38 AM It's essentially proof-of-stake. No matter how they call it it's proof-of-stake
Title: Re: Tendermint - Consensus without Mining Post by: CIYAM on March 04, 2015, 01:14:53 PM Shouldn't this be moved into alts?
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