Consensus Power Distribution describes how influence over validating transactions and adding new blocks is allocated among participants in a decentralized network. This distribution is determined by the specific consensus mechanism employed, such as Proof of Work or Proof of Stake. A balanced distribution is vital for network security and decentralization, preventing any single entity from gaining undue control. It directly impacts the network’s resilience against attacks and its resistance to censorship.
Context
The state of Consensus Power Distribution is a constant subject of scrutiny in blockchain ecosystems, with ongoing debates concerning centralization risks in Proof of Stake systems. A key discussion involves the concentration of staking power among large validators or pools, potentially compromising network integrity. Future developments aim to enhance decentralization through mechanisms like delegated staking and quadratic voting, promoting broader participant involvement. News often covers shifts in this distribution, particularly regarding their implications for network governance and security.
Proof-of-Social-Capital is a new consensus primitive that distributes block proposal power by influence, fundamentally shifting security away from wealth.
Proof-of-Social-Capital leverages non-transferable social influence and ZK proofs to secure consensus, fundamentally decoupling network power from wealth.
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