Short Paper: PoSH Proof of Staked Hardware Consensus.
Rami A. Khalil, Naranker Dulay · IACR Cryptology ePrint Archive · 2020
This paper introduces the PoSH Consensus protocol, a novel work-in-progress construction for achieving Sybil-resistant Nakamoto-style probabilistic consensus on the contents of a cryptocurrency ledger in a permissionless decentralized network where parties stake their hardware’s computational power towards participation in leader election. PoSH aims to establish an openly mintable cryptocurrency that eliminates the requirement for block rewards and disincentivizes mining pools.