Description
A second component of this setup is a group of terrestrial sites whose job is to broadcast information about blocks and to summarize the blockchain ledger. These can be individuals who are eager to get a fee for service. Even if many of these behave traitorously (against their interests as fee-collectors), a small number of honest ones is sufficient to ensure safety and liveness. The third component of this setup is a Mission Control entity which will act very occasionally to assign roles to terrestrial sites and time slots to satellites. These assignments will be multi-signed using the digital signatures of a widely distributed group of human governors.
Given these components and these reasonable assumptions, the protocol described in this monograph, called Bounce, will achieve ledger functionality for arbitrarily sized blocks at under five seconds per block and at negligible energy cost. This monograph will discuss the overall architecture and algorithms of such a system, the assumptions it makes, and the guarantees it gives.
Book Information
ISBN 9781638282747
Author Dennis Shasha
Format Paperback
Page Count 86
Imprint now publishers Inc
Publisher now publishers Inc
Weight(grams) 135g