Discussing the Dynamics of Disarray

[FL03]

Abstract

When considering implementing a hybrid blockchain it is critical to devise an elegant response matrix for controlling the system and its functionality. Given the harmonic runtime previously proposed, we confidently assume that all nodes participating in the network can assume one of three (LPR) transformations. By adhering to some set of the transformations, each node can preserve the I/O while acting accordingly. These systems act similar to zeno machines hypothesized by researchers exploring advanced turing machines.

App -> Portal ->

F(ac): Actor -> Actor'
G(a, T): { F(a) -> A': if T is offloaded }
H(a): Actor' - (public) -> Reaction

Consensus Mechanisms

The network relies upon the juxtaposition of proof-of-stake and proof-of-work philosophies to produce an optimized, dynamic multi-resource blockchain network. Following the recently formalized Minotaur protocol enables us to confidently explore the implementation of a hybrid network providing perhaps a more concrete validation regarding the motivation to explore such a system. While proof-of-stake has come a long way, it is by no means perfect and implementing a companion proof-of-work consensus protocol consequently optimizes both.

One primary benefit of implementing such a system is the increased opportunity for network participation, allowing both staking and mining operations to coexist. Additionally, as seen in a recent post (linked below), the prolonged dip in bitcoins price has drastically affected its participants while each new block being mined makes it that much more difficult to do so. This is something deeply considered in the formalized protocol as they experimentally verify the stability of a hybrid mechanism when contrasted against pow only blockchains such as Bitcoin.

Engine

Proof of Stake

For our proof-of-stake half of the consensus engine, we have chosen to implement a variant of the Ouroboros Praos protocol.

Proof of Useful Work (PoUW)

The other half of the hybrid network is composed of nodes operating under proof-of-work circumstances, which formally implement the Ofelimos protocol. Ofelimos specifically outlines a proof-of-useful-work optimization on the original pow mechanism powering Bitcoin. Researchers at IOHK were able to formalize a provably secure blockchain protocol describing the motivation, security, and practicality of the specification while proposing several combinatorial optimizations naturally coming about as a result its inherent construction.

References

Links

• Files
• Top Bitcoin Miner Selling Mining Machines

Protocols

• Minotaur Protocol
• Ofelimos
• Ouroboros Praos
• Ouroboros BFT
• Ouroboros