[GPM] FDPOS - forkable DPOS. New variation of the blockchain concensus

in #gpm7 years ago (edited)

As known, Dan Larimer came up with the concept of a "Distributed Automated Company" (DAC) Current GOLOS (Russian steemit) situation, related to hardfork shows that DPOS (used in DAC) is a relatively good model for a private company but for community it looks not so attractive. Why?

Let's first deal with the hardfork! The essence of the principle is that in DPOS blockchain cannot be divided into two or more parts. But it can be hardforked if 75% of delegates accept changed code. In the "classic" bitcoin if at least someone does not accept changes, a new blockchain appears. Bitcoin model is more flexible in terms of social self-regulation. DPOS, on the other hand, allows some "democratic" management processes to be introduced into the blockchain and rid the network of POW, both as very costly and not very elegant tool. Generally, DPOS in case of strict conflict among investors turn into a centralized system.

Now some fantasies about how to make DPOS , or flexible and decentralized?

It is simple! Need to replace hardforks with forks. It top investors can't reach the agreement on the principles of mutual respect, the network is divided into two parts, which is not beneficial to both parties. If contradictions between investors are so acute, that no agreement can be reached, then newly formed networks become competitors. This is FDPOS - forkable DPOS (c)

In addition to forks, we also need to provide a common space of competition (or collaboration) between all forks of one blockchain. This is necessary to ensure the coherence of the elements in the system. To do this, we need a unified exchange and smart contract protocol, to which every forked token can be joined.

As you can see, this is a system with no basic token, but based on single protocol between tokens. This will cause more flexibility and decentralization in the ecosystems of coherent blockchains. Every initiative "unit" will have possibility to constructively implement counter measures to the policy of the "current blockchain administration". This will allow particular user to have more influence in the chain and it's involvement as the investigation. More users involvement - more stability of the network and competitive resources.

Sort:  

Congratulations @kvg! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @kvg! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @kvg! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.033
BTC 97309.89
ETH 3288.22
USDT 1.00
SBD 2.99