Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks

Hegadekatti, Kartik and S G, Yatish (2016): Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks. Published in: Development of Innovation eJournal , Vol. 4, No. 45 (27 September 2016)

Preview

PDF MPRA_paper_82072.pdf Download (318kB) | Preview

Abstract

In this paper, a method to implement K-Y protocol using Distributed Consensus is discussed. Firstly, the various available methods are discussed. Then, Proof - Of - Sovereignty (PoSv) is proposed. Its mechanism is deliberated and its advantages are described vis-a-vis other methods of distributed consensus. Finally a summary of all the procedures involved in 'NationCoin Mining' is explained.

Item Type:	MPRA Paper
Original Title:	Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks
English Title:	Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks
Language:	English
Keywords:	Distributed Consensus, K-Y Protocol, Proof-of-Work
Subjects:	A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60 - General C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C80 - General E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation L - Industrial Organization > L8 - Industry Studies: Services > L86 - Information and Internet Services ; Computer Software N - Economic History > N4 - Government, War, Law, International Relations, and Regulation > N40 - General, International, or Comparative O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy
Item ID:	82072
Depositing User:	Dr Kartik Hegadekatti
Date Deposited:	23 Oct 2017 08:30
Last Modified:	30 Sep 2019 22:41
References:	[1] Hegadekatti, Kartik and S G, Yatish, Roadmap for a Controlled BlockChain Architecture (August 13, 2016). [2] THE CODE BOOK: THE SCIENCE OF SECRECY FROM ANCIENT EGYPT TO QUANTUM CRYPTOGRAPHY; BY SIMON SINGH
URI:	https://mpra.ub.uni-muenchen.de/id/eprint/82072