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)
- Category
- Cryptographic protocols
- Publication info
- Preprint. MINOR revision.
- Keywords
- consensuspermissionlesspermissionedscalabilityzero knowledgemutual attestationzk-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