mleku on Nostr: proof of stake is not security it is just a mutual exclusion lock mechanism for an ...
proof of stake is not security it is just a mutual exclusion lock mechanism for an OLD blockchain database protocol called Practical Byzantine Fault Tolerance (paper published 1999)
it achieves tolerance of up to 1/3 malicious participants
bitcoin achieves tolerance of 50% malicious participants
most cryptocurrency project marketing campaigns are straight up lies and bamboozlement
Published at
2024-04-06 15:29:33Event JSON
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"content": "proof of stake is not security it is just a mutual exclusion lock mechanism for an OLD blockchain database protocol called Practical Byzantine Fault Tolerance (paper published 1999)\n\nit achieves tolerance of up to 1/3 malicious participants\n\nbitcoin achieves tolerance of 50% malicious participants\n\nmost cryptocurrency project marketing campaigns are straight up lies and bamboozlement",
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