Crypto

Emin Gün Sirer introduces new 'consensus protocols' that are 'incredibly powerful'

According to a report in CoinDesk, Professor of Cornell University, Turkish computer scientist and blockchain researcher Emin Gün Sirer, introduced new protocols in Token Summit III in New York.

Emin Gun Sirer, Blockchain network in decision making process

Sirer used the phrase "This protocol is simple, but incredibly strong at the same time as it is incredible."

Throughout the months and years of this protocol, the family of this protocol They worked on the technical document. However, Sirer said the protocol was developed by a team with the nickname "Team Rocket."

Sirer; Snowflake, Snowball, and Avalanche randomly sampled network participants and ultimately the protocols would select a single result.

This new protocol, inspired by gossip algorithms, is based on the deliberate metastability mechanism It is. Specifically, the system works by repeatedly sampling the network and directing the correct nodes to the same conclusion. "

During the Sirer talks, Nakamoto noted that consensus protocols require miners to accept a certain decision and a two-thirds majority of the classic consensus. [19659002] → UPDATED IN THE BINANCE COMMISSION SYSTEM