YESCOIN Whitepaper
  • Abstract
  • Introduction
  • YESCOIN
  • Background
    • Related Works
  • Satoshi Plus Consensus
    • Major components, roles, and workflows
    • Proof of Work
    • Delegated Proof of Stake
    • Validator Election
    • Rewards
    • Short-Range Attacks
  • Future Explorations
  • YESCOIN
  • Progressive Decentralization
  • Conclusion
  • Token Allocation
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Abstract

This paper proposes a new, independent blockchain to operate at the YESCOIN of Web 3. Powered by a new consensus mechanism, Satoshi Plus, YESCOIN is a Turing-complete blockchain leveraging the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). Satoshi Plus applies a protocol-driven validator election mechanism to combine the optimal features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) in order to ensure the maximization of security, scalability, and decentralization.

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Last updated 5 months ago