The logic behind Shimmer is pretty simple. It pretty much functions similar to every POS & DPOS however it adds additional security beyond whoever holds the largest stake is the correct path for the chain.DPOS and POS all rely on the assumption that no one would want to misuse their own funds. However this overlooks the large sums that are held on exchanges which experience hacks regularly. This creates the potential for competing projects or actors to assimate a project. Killing a strong rival is sometimes worth the sacrifice of essentially free money received from a hack.Shimmer nullifies this attack mechanism. To explain it in simple terms, it prevents large stake holders from performing double spend attacks on the basis that there is no reason or incentive for an honest stake holder to confirm two conflicting txs. By doing so that stake holders voting becomes invalid.This mechanism also drastically increases throughput and decreases latency.Even nano could benefit by evaluating Shimmer as the Binance rep, if you like to admit it or not, is a huge looming threat that could be nullified.Shimmer is undoubtedly something good for Iota, but the IF has honestly imo provided the entire cryptocurrency community the tools to move to the next level together.
Submitted May 29, 2019 at 08:16PM
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