The real design challenge for consensus protocols is to find a proof of stake protocol that offers both trust and security without unintentionally creating just another centralized validation system.
Source quote, verbatim
The students understood that the real challenge is to find a "proof of stake" protocol that offers both trust and security (without unintentionally creating just another centralized validation system).
From
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018), IX. Coding for Lawyers, p. 31 https://ssrn.com/abstract=3227967 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Legal Education in a Digital Age Why 'Coding for Lawyers' Matters (2018). SSRN: https://ssrn.com/abstract=3227967
supported_bykaal:claim:4796714-014 Proof of Stake consensus centralizes control in proportion to the quantity of tokens held, so governance built...
extended_bykaal:claim:3266953-020 The fungibility of the staked currency is the main point of attack against proof of stake and leads inevitably...
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