IACR News item: 16 May 2024
Aram Jivanyan, Karen Terjanian
We are introducing a novel consensus protocol for
blockchain, called Proof of Stake and Activity (PoSA) which can
augment the traditional Proof of Stake methods by integrating
a unique Proof of Activity system. PoSA offers a compelling
economic model that promotes decentralization by rewarding
validators based on their staked capital and also the business
value they contribute to the chain. This protocol has been
implemented already into a fully-fledged blockchain platform
called Bahamut (www.bahamut.io) which boasts hundreds of thousands of active users already.
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