Shinobi Systems' Solana Proof of Stake + Proof of History Primer

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the ... See more

PoW assets tend to be more commodity-like relative to PoS assets which tend to be more equity-like. So at times, these PoW metrics will seem a bit silly in the way that calculating the income of holding gold would seem silly. Nobody buys gold or BTC looking for the most productive income-generating asset. Nonetheless, it’s helpful to include both P... See more

However, once a winning combination has been found, anyone can verify the block is valid by running the hash function just once. That makes a valid block something that requires an incredible amount of work to create but only a trivial amount of work to verify. The simple verification process is able to probabalistically prove the work was done, so

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deep dive into synapse project (crypto bridging)