Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks

Kartik Hegadekatti and Yatish S G

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, a method to implement K-Y protocol using Distributed Consensus is discussed. Firstly, the various available methods are discussed. Then, Proof - Of - Sovereignty (PoSv) is proposed. Its mechanism is deliberated and its advantages are described vis-a-vis other methods of distributed consensus. Finally a summary of all the procedures involved in 'NationCoin Mining' is explained.

Keywords: Distributed Consensus; K-Y Protocol; Proof-of-Work (search for similar items in EconPapers)
JEL-codes: A12 C60 C80 E51 E52 E58 F33 G18 L86 N40 O38 (search for similar items in EconPapers)
Date: 2016-09-01, Revised 2016-09-24
New Economics Papers: this item is included in nep-mac and nep-ore
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Citations: View citations in EconPapers (2)

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