Pravuil: Global Consensus for a United World

David Cerezo Sánchez

Paper 2021/669

Pravuil: Global Consensus for a United World

David Cerezo Sánchez

Abstract

Pravuil is a robust, secure, and scalable consensus protocol for a permissionless blockchain suitable for deployment in an adversarial environment such as the Internet. Pravuil circumvents previous shortcomings of other blockchains: - Bitcoin’s limited adoption problem: as transaction demand grows, payment confirmation times grow much lower than other PoW blockchains - higher transaction security at a lower cost - more decentralisation than other permissionless blockchains - impossibility of full decentralisation and the blockchain scalability trilemma: decentralisation, scalability, and security can be achieved simultaneously - Sybil-resistance for free implementing the social optimum - Pravuil goes beyond the economic limits of Bitcoin or other PoW/PoS blockchains, leading to a more valuable and stable crypto-currency

Note: Invited publication to the Fintech journal.

Metadata

Available format(s): PDF
Category: Cryptographic protocols
Publication info: Published elsewhere. FinTech 2022, 1(4), 325-344
DOI: 10.3390/fintech1040025
Keywords: consensus permissionless permissioned scalability zero knowledge mutual attestation zk-PoI
Contact author(s): david @ calctopia com
History: 2022-10-31: revised; 2021-05-25: received; See all versions
Short URL: https://ia.cr/2021/669
License: CC BY

BibTeX

@misc{cryptoeprint:2021/669,
      author = {David Cerezo Sánchez},
      title = {Pravuil: Global Consensus for a United World},
      howpublished = {Cryptology {ePrint} Archive, Paper 2021/669},
      year = {2021},
      doi = {10.3390/fintech1040025},
      url = {https://eprint.iacr.org/2021/669}
}