kaal:claim:3782216-006

Maintaining consensus without a central authority forces a reputation system to verify members' votes extremely redundantly, which imposes serious computational overhead.

Source quote, verbatim

In order to maintain consensus in a decentralized network, with no central authority to check in with, a reputational system needs to verify each others' votes extremely redundantly, which leads to serious overhead costs in computation.

From

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Banking and ZKRollups
https://ssrn.com/abstract=3782216 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

Holds when

decentralized networks with no central authority

Classification

mechanismsupport: arguedreputationconsensus-and-securitydecentralization

Verify

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Attestation record: colloquium/attestations/9130d4f313be879d...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3782216-006.md | sha256sum