Timeline for Decentralized milestone issuance scheme?
Current License: CC BY-SA 4.0
8 events
| when toggle format | what | by | license | comment | |
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| Aug 14, 2018 at 13:59 | comment | added | ben75 | @JohnnyMilkshakes I edited my response with an alternative approach. | |
| Aug 14, 2018 at 13:59 | history | edited | ben75 | CC BY-SA 4.0 |
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| Jul 16, 2018 at 14:20 | comment | added | Johnny Milkshakes | edited a response at the bottom of the post | |
| Jul 15, 2018 at 11:46 | comment | added | ben75 | The real goal for iota should be "identifying a state/checkpoint/milestone/private-milestone having a very very high probability of being approved by the whole network", and this identification must be as fast as possible. (like the 6 blocks in bitcoin... in bitcoin 6 blocks means one hour, in iota, we need to find a way to reach the same level of probability in a few seconds). IMO, having different nodes using different checkpoints isn't so important, what is important is that the probability for any node to select a private-milestone invalidated in futur is practically 0. | |
| Jul 15, 2018 at 11:45 | comment | added | ben75 | Having decentralized state/checkpoint/milestone guarantee 100% approved by the whole network is something that none of the existing truly decentralized DLT is able to produce today. IMO, keeping the current "magic" (magic = 100% guaranteed approved by the whole network) of milestones in a truly decentralized network is an utopia. Everything is always a question of probability. | |
| Jul 14, 2018 at 14:51 | comment | added | Johnny Milkshakes | You are correct, i should have rephrased that. I actually did mean that the node should decide for itself which one it considers a milestone and confirmed from it's point of view, and then submit that one as an answer to the Qubic in it's assembly. The only problem with private milestones as you explained them is that they lose the magic of current milestones. I think milestones really only work because they are agreed upon by every participant and hopefully this idea should achieve the same result. | |
| Jul 14, 2018 at 8:40 | history | edited | ben75 | CC BY-SA 4.0 |
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| Jul 14, 2018 at 8:30 | history | answered | ben75 | CC BY-SA 4.0 |