TwinsCoin: A Cryptocurrency Via Proof-of-Work And Proof-of-Stake.pdf

232.pdf
Preview of TwinsCoin: A Cryptocurrency via Proof-of-Work and Proof-of-Stake
🔗 Source: eprint.iacr.org
📊 Size: 861 KB
📄 Pages: 21 pages
⬇️ Downloads: 79

Summary

TwinsCoin is a cryptocurrency that uses both proof-of-work (PoW) and proof-of-stake (PoS) mechanisms to secure its blockchain, making it more robust than pure PoW-based systems like Bitcoin. Even if an adversary controls the majority of mining power, the system can still be secured by relying on honest stakeholders. The design is based on a provably secure hybrid blockchain by Duong et al. and has been enhanced with a new difficulty adjustment strategy and a light client for PoS cryptocurrencies. The implementation uses the Scorex framework and has been deployed on a testnet, with the source code publicly available.

Description

TwinsCoin is a cryptocurrency that uses both proof-of-work (PoW) and proof-of-stake (PoS) mechanisms to secure its blockchain, making it more robust than pure...

Technical Information

  • File Format: PDF
  • File Size: 861 KB
  • Pages: 21
  • Language: EN
  • Total Downloads: 79
  • Last Updated: 3 weeks ago

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