Perishable Proof of Transactions - New Consensus for Day to Day dApps
summary
A new consensus abandons immutable history by forgetting blocks older than six months and uses recent transaction activity as the stake weight, so addresses with recent transfers gain block probability instead of coin holdings; full-node state fits under ~15 MB so modern phones run many independent ledgers; networking relies on libtorrent-style choked voting and a UDP+Levenshtein sync to handle flaky mobile links; chain attacks are limited by rolling consensus points and an emergency negative block numbers mechanism; named implementation: Perishable Proof of Transaction (ppot).
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chapters (5)
- 0:00Start
- 1:58Immutable Blockchain
- 6:29The Generation Signature
- 15:02The Udp with Levenstein Distance
- 18:47State Shifting Attack
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