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

Metadata
Available format(s)
PDF
Category
Cryptographic protocols
Publication info
Preprint. MINOR revision.
Keywords
consensuspermissionlesspermissionedscalabilityzero knowledgemutual attestationzk-PoI
Contact author(s)
david @ calctopia com
History
2021-05-25: received
Short URL
https://ia.cr/2021/669
License
Creative Commons Attribution
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},
      note = {\url{https://eprint.iacr.org/2021/669}},
      url = {https://eprint.iacr.org/2021/669}
}
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