Published on May 18th, 2018 | by bitcoin0
Emin Gun Sirer ‘simple but powerful’ consensus compliance algorithms
A pseudonymous team of developers have created a family of new consensus protocols for blockchains.
Cornell University professor and blockchain researcher Emin Gun Sirer announced the new protocols Thursday at Token Summit III in New York, explaining that they combine what he referred to as the “classical consensus” and “Nakamoto consensus” models in blockchain network decision-making.
Referred to as Snowflake, Snowball and Avalanche, the protocols randomly sample network participants, and ultimately choose a single result, Sirer said.
Nakamoto consensus protocols (of which bitcoin is the best known) require miners to agree to a specific decision before it can be enacted, while classical consensus requires a two-thirds plus one majority, Sirer said during his talk.
Ethereum developer Vlad Zamfir said on Twitter that due to the nature of the protocols, they fail to combine “the best of Nakamoto consensus with the best of classical consensus” as Sirer asserted.