EAAC Property refers to a specific attribute or characteristic within a system, where EAAC stands for “Eventually Accountable and Auditable Consensus.” This property implies that while consensus might not be immediate, all transactions and states will eventually achieve a verifiable and auditable finality. It ensures that any discrepancies or malicious actions can be retrospectively identified and attributed. This concept is vital for maintaining trust and integrity in distributed ledgers.
Context
The concept of EAAC Property is particularly relevant in discussions around the security and finality guarantees of various blockchain consensus mechanisms. A key debate involves balancing the speed of transaction confirmation with the robustness of its eventual immutability and auditability. Critical future developments focus on refining consensus algorithms and cryptographic techniques to enhance the efficiency of achieving eventual accountability and auditability without sacrificing performance or decentralization.
A new EAAC property formally quantifies the economic security of consensus, proving that targeted slashing is only possible under strong synchronous network assumptions.
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