A consensus protocol for fairness. The prototype is on https://github.com/ytop/ybtc
*If you are interested at this project, join it.
Casino Consensus Protocol
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Miner from lucky guy.
Genesis Contract
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The Genesis Contract is created when chain kicks off. This super contract annoucnes the rule for mining:
1. Miner chosen from contract only
2. Cadidate miner has tokens
3. Minus 1 token for each candidate miner every phase
4. Winners are randomly selected by uniform distruibution
5. The random seed in #4 is hash value from streamed winners' addresses in last phase
Phase and Winner
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Each phase has (P) blocks. There are (N) winners in one phase. P can be diveded by N.
N winners mine blocks with assigned sequence.
These dependencies are required:
Net | P | N
Testnet | 8 | 2
Mainnet | 16 | 16
Exception Handling
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The previous successful miners can pick up orphan block if assigned miner is absent. The more
recently successful miner, the more possibility to be orphan picker.
Reward
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The miner has 4 rewards:
1. Coin base reward, 8 Ycoin each block in 4 years. After that, each year 3% of total delivered Ycoin.
2. Transaction fee
3. Contract gas fee
4. Casino token of last phase