Too Long; Didn't Read
Decentralization and objective consensus are two of the main challenges faced by today’s cryptocurrencies. While the lack of objectivity is commonly attributed to Proof-of-Stake blockchains, the actual degree of decentralization is questionable in any existing consensus algorithm whether based on financial stake or computational resources. We will analyse both difficulties and present a novel blockchain model that offers objective consensus along with a strong tendency of decentralization.