devcon 5 / 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
Date: Invalid Date
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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