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Proof-of-Weight

Proof-of-Weight

Proof-of-Weight (PoWeight) is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding.

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Dawson Sewell
Dawson Sewell edited on 8 Feb 2019 2:52 pm
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Proof-of-Weight

Proof-of-Weight (PoWeight) is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding.

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Proof-of-Weight (PoWeight) is a blockchainblockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrencycryptocurrency they are holding. Proof-of-weight consensus mechanisms are based off of the first Proof-of-Weight consensus model used in the cryptocurrency Algorand, which was developed by researchers at the MIT Computer Science & Artificial Intelligence Laboratory.

Dawson Sewell
Dawson Sewell edited on 8 Feb 2019 2:45 pm
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Proof-of-Weight

Proof-of-Weight (PoWeight) is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding.

Article

Proof-of-Weight is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding. Proof-of-weight consensus mechanisms are based off of the first Proof-of-Weight consensus model used in the cryptocurrency Algorand, which was developed by researchers at the MIT Computer Science & Artificial Intelligence Laboratory.

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Dawson Sewell
Dawson Sewell edited on 8 Feb 2019 2:37 pm
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Proof-of-Weight

Proof-of-Weight is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding.

Article

Proof-of-Weight is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding. Proof-of-weight consensus mechanisms are based off of the first Proof-of-Weight consensus model used in the cryptocurrency Algorand, which was developed by researchers at the MIT Computer Science & Artificial Intelligence Laboratory. 

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The Proof-of-Weight consensus mechanism remains secure as long as the majority of weighted users are honest, and protects the network against double-spend attacks. Each time a transaction is made on a blockchain using the Proof-of-Weight consensus mechanism, the network creates a committee of random network members and assigns each member their 'weight' (based on how much currency they hold on the network) which slightly centralizes the consensus process within the random committee. 

Further reading

Title
Author
Link
Type

What Is Proof of Weight? | CoinCodex

Peter Compare

Web

What Is Proof-of-Weight? - NullTX

JP Buntinx

Web

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Dawson Sewell"Initial topic creation"
Dawson Sewell created this topic on 8 Feb 2019 2:10 pm
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 Proof-of-Weight

Proof-of-Weight (PoWeight) is a blockchain consensus mechanism that gives users a 'weight' based on how much cryptocurrency they are holding.

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