Delegated Proof of Stake via Proof of Reinvestment.
BlockchainKid published an article with a new proposal to improve the EOS BP voting ecosystem. In the article he presented a governance overlay to Delegated Proof of Stake called “Proof of Reinvestment” or “PoRE”.
PoRE concept parameters:
- Allocate a portion of inflation on a pro rata basis to all EOS accounts based on the number of staked EOS per account. “Universal Inflation Entitlement Rate” (or UIE Rate)
- Enable customizable UIE Rates as an EOS account parameter.
- Enable customizable Vote Power (VP) as an EOS account parameter.
- Implement non-linear parameter adjustment once parameters have been set.
Implications:
- EOS account holders are forced to trade off control and profit
- Ability to affect network requires continued proof of reinvestment
- An account holder must always be “pro-power” or “pro-profit”
- The incentive to “flip-flop” parameters is mitigated through non-linear adjustment
"PoRE attempts to disrupt the relationship between power and profit by forcing network participants to choose one at the expense of the other. Under PoRE, to exert power power via voting, an account holder must continually “reinvest” in the network by forgoing income and subject themselves to loss of purchasing power over time."
Read more:
https://medium.com/@blockchainkid/delegated-proof-of-stake-via-proof-of-reinvestment-b3fb80b671efHow do you think about that guys? I think it is interesting article related with the EOS blockchain.