kaal:claim:3782203-028

Since no algorithm can be perfectly secure in all circumstances, protocol developers should redirect effort from proving algorithms correct to building a governance process that updates the algorithm as network circumstances change, rewarding protocol improvement with meaningful reputation instead of leaving attack as the profitable option.

Source quote, verbatim
Given the impossibility of creating an algorithm that will be perfectly secure in all circumstances, we should instead focus on developing a governance process that al- lows us to update our algorithm to adapt to the changing network circumstances to the security level required
From

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021), Application to PoS consensus algorithms, p. 18
https://ssrn.com/abstract=3782203 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203

Holds when
Classification

designsupport: arguedinstitutional-designgovernance-designconsensus-and-securityreputationrisk-and-incentives

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