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Algorand's Pure Proof-of-Stake Consensus Protocol
Manage episode 345006701 series 3297850
Content provided by Farzan Akhtar. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farzan Akhtar or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Twitter - https://twitter.com/FarzanAkhtar1
Discord: https://discord.gg/Rf7CkZEGds
Podcast - https://www.blockchainandbeyond.co.uk/
Substack - https://substack.com/profile/33433115-farzan-a
Youtube - https://www.youtube.com/channel/UCpxhLjdOdi5oiOG2nRIgsTQ/featured
Instagram - https://www.instagram.com/blockchainandbeyondpodcast/
Tiktok - https://www.tiktok.com/@blockchainandbeyond2021
Algorand uses a pure proof-of-stake (PPoS) protocol built on Byzantine consensus. Each user’s influence on the choice of a new block is proportional to its stake (number of tokens) in the system. Users are randomly and secretly selected to propose blocks and vote on block proposals. All online users have the chance to be selected to propose and vote. The likelihood that a user will be chosen, and the weight of its proposals and votes, are directly proportional to its stake. (Source: https://www.algorand.com/technology/pure-proof-of-stake)
68 episodes
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Manage episode 345006701 series 3297850
Content provided by Farzan Akhtar. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farzan Akhtar or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Twitter - https://twitter.com/FarzanAkhtar1
Discord: https://discord.gg/Rf7CkZEGds
Podcast - https://www.blockchainandbeyond.co.uk/
Substack - https://substack.com/profile/33433115-farzan-a
Youtube - https://www.youtube.com/channel/UCpxhLjdOdi5oiOG2nRIgsTQ/featured
Instagram - https://www.instagram.com/blockchainandbeyondpodcast/
Tiktok - https://www.tiktok.com/@blockchainandbeyond2021
Algorand uses a pure proof-of-stake (PPoS) protocol built on Byzantine consensus. Each user’s influence on the choice of a new block is proportional to its stake (number of tokens) in the system. Users are randomly and secretly selected to propose blocks and vote on block proposals. All online users have the chance to be selected to propose and vote. The likelihood that a user will be chosen, and the weight of its proposals and votes, are directly proportional to its stake. (Source: https://www.algorand.com/technology/pure-proof-of-stake)
68 episodes
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Similar to Blockchain and Beyond /w Farzan Akhtar
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