Quick jump
Hello and welcome to this blog post about VeriBlock VBK White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the VeriBlock VBK white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the VeriBlock VBK.
I can ensue you that, you will be able to understand every bits and pieces related to VeriBlock VBK after going through the VeriBlock VBK white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
VeriBlock VBK White Paper
VeriBlock VBK white paper will be going to provide you, all the information that is needed to get started with VeriBlock VBK, including the inspiration for creating, the problem it is trying to solve and the solution proposed by VeriBlock VBK.
Abstract
The Proof-of-Proof (“PoP”) consensus protocol enables blockchains to inherit the Proofof-Work security from other blockchains in an entirely Decentralized, Trustless, Transparent, and Permissionless (“DTTP”) manner. PoP functions without the involvement or approval of Bitcoin miners, without any centralized entities or federated nodes, and without imposing any technical limitations on blockchains which adopt the protocol.
The VeriBlock blockchain implements the Proof-of-Proof consensus protocol and is designed to allow the efficient, secure, and easy-to-implement inheritance of Bitcoin’s Proof-of-Work security by a theoretically unbounded quantity of additional blockchains. To best serve this purpose, many design decisions were made in the VeriBlock blockchain protocol to properly incentivize rational economic actor behavior which benefits its security profile. The resu
lting incentive system design considers the existing structure and design of the Bitcoin blockchain protocol, the desired characteristics of Proof-ofProof and Proof-of-Work miner behavior on the VeriBlock blockchain, and the behaviors of PoW and PoP mining markets.
To provide the highest possible security profile in a variety of adverse conditions, the consensus algorithm for the VeriBlock blockchain is designed with consideration for many flavors of consensus attacks. Current progress in other areas of scalability, including off-chain transactional networks and sidechains, benefit from a hierarchical security model which enables all blockchains to operate under the security context of Bitcoin.
White Paper Link: VeriBlock VBK White Paper
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