continues to heat up, it is becoming increasingly clear just how important it is to have a clear governance structure at the foundation of any cryptocurrency network. The network can operate at its best only if all parties involved are clear on what participation in the network means and what can be expected upon choosing to participate. Perhaps contrary to what one might expect, governance is just as important in the decentralization movement as it has been in the centralized systems of the past and it is likely that the cryptocurrency which best governs itself will emerge on top.
Delegated Proof-of-Stake
Most cryptocurrencies operate via a blockchain that generates its blocks via either a Proof-of-Work (POW) protocol or a Proof-of-Stake (POS) protocol. These protocols both give various network participants an incentive to generate a record of the truth with regards to the blockchain and which addresses possess which funds and an opportunity for everyone else to approve of that truth. This process is called consensus and both POW and POS are considered consensus algorithms.
A third kind of consensus algorithm, however, is being used by the BitShares network and will be used in the Lisk network which recently raised over 5 million USD in its IPO. It is called Delegated Proof -of-Stake (DPOS) and Amanda sat down for a chat with BitShares developer Fabian Schuh to learn more about DPOS.
Maidsafe Interview
Amanda sat down for an interview with Paige Peterson of MaidSafe to chat about Safenet's current status and how its SafeCoin will be transferable within the network without a blockchain.
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