Max Wright's thoughts on the Security threats of Delegated Proof of Stake and Bitshares


Backstory: I recently gave a presentation to the Vancouver Bitcoin meetup about an exciting new development in the crypto world called Delegated Proof of Stake and Bitshares. This was a practise run for me to fine tune the presentation before creating a high quality video to present to Success Council Members. Iapologize for the terrible Video and Audio quality but if you are super interested you may wish to watch that presentation here.

This post is a response to a well thought out blog post by Piotr Piasecki - an attendee of my presentation - titled Thoughts on Delegated Proof of Stake and Bitshares.

Delegated Proof of Stake is consensus algorithm first presented by Dan Larimar in a white paper of the same name published April 3 2014.

Although not explicitly stated I suspect Piotr acknowledges the numerous benefits that a Delegated Proof of Stake system offers. The primary purpose of his article however is to further the discussion pertaining to the security of the DPOS system.

Does the DPOS protocol sacrifice security to achieve its numerous benefits?

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Members Area Highlights

In January 2014, Patrick Byrne CEO of sent shock waves through the Bitcoin community when it became the the biggest company in the world to accept Bitcoin.
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To watch the rest of this video, (and much, much more) become a Success Council Member right now

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Members Area Highlights

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To watch the rest of this video, (and much, much more) become a Success Council Member right now