kaal:claim:3782198-032

Proof of stake carries an unresolved failure mode: if anyone devises a clever algorithm for hijacking the block producer selection process, the network would fail.

Source quote, verbatim

The problem is that if someone comes up with a clever algorithm for hijacking the process, then the network would fail.

From

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021), New tools: blockchain protocols, p. 31
https://ssrn.com/abstract=3782198 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Contemporary Decentralization (2021). SSRN: https://ssrn.com/abstract=3782198

Holds when

applies to proof of stake designs that select block producers pseudorandomly

Classification

failuresupport: arguedfailure: pseudorandom-selection-hijackfamily: consensus-and-protocol-attackconsensus-and-securityblockchain

Verify

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