In our latest paper (codenamed “Pravuil”), we introduce our latest innovation in consensus protocols for blockchains: a robust, secure, and scalable consensus protocol for a permissionless blockchain suitable for deployment in an adversarial environment such as the Internet.
By introducing a zero-cost Sybil-resistance mechanism in our strongly-consistent blockchain, we are able to:
- Bypass Bitcoin’s Fatal Flaw: the Limited Adoption Problem
- Obtain higher transaction security at a lower cost, with the potential to achieve more decentralisation than other permissionless blockchains
- Go beyond the economic limits of Bitcoin or other PoW/PoS blockchains
In sum, these innovations help us to obtain a more valuable and stable crypto-currency.