Stanford University professor David Tse has pioneered a way to use Bitcoin to secure proof-of-stake blockchains. The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor. David Tse and his research team are driving the use of the…
Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum’s consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks are validated by the proof-of-stake mechanism implemented…