Corpus ID: 202583353

KRNC: New Foundations for Permissionless Byzantine Consensus and Global Monetary Stability

@article{Ehrlich2019KRNCNF,
  title={KRNC: New Foundations for Permissionless Byzantine Consensus and Global Monetary Stability},
  author={Clinton Ehrlich and A. Guzova},
  journal={IACR Cryptol. ePrint Arch.},
  year={2019},
  volume={2019},
  pages={1088}
}
This paper applies biomimetic engineering to the problem of permissionless Byzantine consensus and achieves results that surpass the prior state of the art by four orders of magnitude. It introduces a biologically inspired asymmetric Sybil-resistance mechanism, Proof-of-Balance, which can replace symmetric Proof-of-Work and Proof-of-Stake weighting schemes. The biomimetic mechanism is incorporated into a permissionless blockchain protocol, Key Retroactivity Network Consensus ("KRNC"), which… Expand

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