Watch / Sharing Security between 1st Layer Blockchains

Sharing Security between 1st Layer Blockchains

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Sharing Security between 1st Layer Blockchains

Duration: 00:05:13

Speaker: Sora Suegami

Type: Breakout

Expertise: Advanced

Event: Devcon 5

Date: Oct 2019

Nowadays one of the evolving fields in the blockchain technology is a protocol which shares security between a main blockchain and a child blockchain. A protocol which shares it between main blockchains, however, is not developed yet. To do that, we would like to introduce a new Sybil control mechanism, Proof of Unit. In this protocol, a new concept, “unit” appears. The unit has three features. First, a unit is generated with any works such as mining, staking, computing prime numbers, and so on. Second, the amount of minted unit is in proportion to the consumed cost. Third, a unit is used as vote power in the consensus algorithm. Proof of Unit would make it possible for 1st layer blockchains to share their security.

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