Aion releases "Unity" consensus proposal - PoW & PoS hybrid for diverse security

Today, Aion released its draft white paper on its upcoming hybrid consensus mechanism - "Unity"In this system, miners and stakers work side-by-side to secure the network with their respective hash power and staking power.Whereas traditional PoW mining is susceptible to 51% attacks, and PoS staking is susceptible to cartel formation, Unity would require an attack on both fronts to be successful.Unity also has a low barrier to entry - there is no minimum hash power or stake required to participate in network security.Unity is expected for release in Q4 2019. More information about the economics and details of the system will be released between now and then, as well.In the meantime, you can read more about Unity here:Announcement - http://bit.ly/2IZY1KX and design considerations - http://bit.ly/2Jdi8oe paper (draft) - http://bit.ly/2J28xkQ

Submitted May 05, 2019 at 03:59AM

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