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Journal article Open Access

Proof-of-vote, validators selected by people-vote

Johan Nygren


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    <subfield code="a">&lt;p&gt;ABSTRACT: Proof-of-vote is a third generation of the Nakamoto consensus. With proof-of-vote, validators compete for people-votes, using proof-of-suffrage given by proof-of-person, and authorize transactions based on authority delegated by the consensus mechanism, just like proof-of-work or proof-of-stake. This logical conclusion of the Nakamoto consensus allows a &amp;ldquo;nation&amp;rdquo; of people to secure their own ledger, the equivalent of representative democracy for distributed ledger technology.&lt;/p&gt;</subfield>
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