Affiliation:
1. Computer Science Dept., Technion
2. Litecoin Project
3. chromawallet.com
4. Israeli Bitcoin Association
Abstract
We propose a new protocol for a cryptocurrency, that builds upon the Bitcoin protocol by combining its Proof of Work component with a Proof of Stake type of system. Our Proof of Activity protocol offers good security against possibly practical attacks on Bitcoin, and has a relatively low penalty in terms of network communication and storage space.
Publisher
Association for Computing Machinery (ACM)
Subject
Computer Networks and Communications,Hardware and Architecture,Software
Cited by
380 articles.
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